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Ratios & Metrics
Average Daily Volume
Definition
The mean number of shares traded per day over a defined window (typically 30 days). ADV is the denominator in Days to Cover and a key liquidity gauge.
Related Terms
Days to Cover
The number of days it would take for all short sellers to cover their positions based on average daily trading volume. Calculated as: Short Interest ÷ Average Daily Volume.
Liquidity
How easily a stock can be bought or sold without moving the price. Measured by spread, depth, and volume. ASX 200 stocks are typically highly liquid; small and micro-caps less so.
See short selling in action
Explore real-time ASIC short position data for ASX stocks.