Western Digital Trading Volume Plummets 35.47% to 413th Rank Despite Stock Gain

On April 1, 2025, Western Digital (WDC) experienced a significant decline in trading volume, with a total of 2.13 billion shares traded, marking a 35.47% decrease from the previous day. This drop placed WDC at the 413th position in terms of trading volume for the day. Despite the decline, the stock managed to close with a slight gain of 1.14%.

Western Digital has a substantial short interest, with 33.48 million shares sold short, representing 9.65% of the float. This high level of short interest indicates significant bearish sentiment among investors, which could potentially impact the stock's price volatility.

The company's financial health is robust, with a current ratio of 1.99 and a debt-to-equity ratio of 0.62, indicating strong liquidity and a manageable debt level. Western Digital's return on equity (ROE) stands at 10.83%, and its return on invested capital (ROIC) is 7.73%, reflecting efficient use of capital and strong profitability.

In the past year, Western Digital's stock price has decreased by 20.73%, and its beta of 1.44 suggests that the stock's price volatility is higher than the market average. The company's next estimated earnings date is April 24, 2025, after market close, which investors will be closely watching for any updates on the company's performance and outlook.