Snowflake Surges to 110th in Trading Volume with $703 Million Day

On March 28, 2025, Snowflake (SNOW) experienced a significant trading volume of $703 million, marking a 68.48% increase from the previous day. This surge placed Snowflake at the 110th position in terms of trading volume for the day. However, the stock has since declined by 4.05%, marking its fourth consecutive day of losses and a total decrease of 7.69% over the past four days.

Snowflake's recent options trends indicate a mixed outlook, with both call and put volumes showing significant activity. The 30-day overview of Snowflake's call and put volume suggests that investors are closely monitoring the stock's price movements, with a focus on both potential gains and losses.

Technical analysis of Snowflake's stock reveals that the 20-day exponential moving average (EMA) is at 162.61, while the 50-day EMA stands at 166.07. This technical indicator suggests a sell signal for the stock, as the current price is below both moving averages. Additionally, the stock's relative strength index (RSI) is at 45.90, indicating that it is neither overbought nor oversold, but rather in a neutral position.

Snowflake's short interest ratio is currently at 2.0, which means that a significant portion of the stock's float is held short. This high short interest ratio suggests that there is considerable bearish sentiment among institutional investors, who may be betting on a further decline in the stock's price.

Despite the recent decline, analysts remain optimistic about Snowflake's long-term prospects. According to their 12-month stock forecasts, Snowflake's stock has a predicted upside of 36.18%. This positive outlook is supported by the company's strong earnings estimates and its position as a leading player in the cloud computing industry.