Short Interest in IDT Corporation Declines by 30.2%

Shares of the telecommunications and payment services company saw a significant drop in short interest in February.

Mar. 15, 2026 at 1:42am

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IDT Corporation (NYSE:IDT) saw a large decline in short interest in February, with the number of shares sold short dropping 30.2% from the previous reporting period. As of February 27th, there was short interest totaling 326,609 shares, down from 468,086 shares on February 12th. The short-interest ratio, based on the company's average daily trading volume, is currently 2.0 days, indicating that approximately 1.7% of IDT's shares are sold short.

Why it matters

The decline in short interest suggests that investors are becoming more bullish on IDT Corporation, a diversified global provider of telecommunications and payment services. Short interest can be an indicator of market sentiment, and a significant drop like this may signal that more investors are betting on the company's future performance.

The details

IDT Corporation's short interest fell from 468,086 shares on February 12th to 326,609 shares on February 27th, a decline of 30.2%. Based on the company's average daily trading volume of 159,825 shares, the current short-interest ratio is 2.0 days, meaning it would take two days for short sellers to cover their positions at the current trading volume.

  • As of February 27th, 2026, IDT Corporation had short interest totaling 326,609 shares.
  • On February 12th, 2026, IDT Corporation had short interest totaling 468,086 shares.

The players

IDT Corporation

A diversified global provider of telecommunications and payment services, headquartered in Newark, New Jersey.

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The takeaway

The significant decline in short interest for IDT Corporation suggests that investors are becoming more optimistic about the company's prospects, which could be a positive sign for the stock's future performance.