Why is ASAN stock moving today? Asana closed at $10.61 on November 6, 2026, down 5.01% on the session, and it is 24 days from the December 1 earnings print. Two sessions of that move is the number worth knowing: 8.85% off the November 4 close of $11.64.

On November 6 the large software names fell between 2.76% and 3.94%: ADSK down 2.76%, WDAY down 3.63%, GLOB down 3.72%, INTU down 3.76% and CRM down 3.94%. Asana fell 5.01%.

The other half of the record is the position. 21.0% of float is short in Asana, the second-highest in the 49 rows we scan, and the options market is charging 13.4% over fourteen days for the print.

What the scanner row says about Asana

Score 54 at rank 39 of the 49 rows we scan, sector Technology, print date December 1, earnings sentiment Positive, short interest 21.0% of float, market capitalization $2.43 billion, implied volatility 86.1, and a scan price of $10.61.

Decomposed, the 54 is 15 points for analyst coverage, 8.3 for a 33.3% buy-side share, 2 for one strong buy, 13.4 for a 13.4% fourteen-day implied move, and the full 15 for a Positive sentiment reading. That totals 53.7.

Read the other way, this score is mostly not about analysts. The implied-move column and the sentiment reading are worth 28.4 of the 53.7 points, while coverage, conviction and strong buys are worth 25.3, and 15 analysts is 10 points short of the maximum.

What moved ASAN on Dec 1?

Nothing yet, and December 1, 2026 is still 24 days away. What will move Asana that day is the print, and the options market has priced it as the second widest event on that date.

The band around the $10.61 scan price runs from $9.95 to $11.27 over three days, which is 6.2% of room either side. Seven days out it is $9.60 to $11.62, and fourteen days out it is $9.18 to $12.04.

December 1 carries seven names in our table, and only MRVL prices a wider event at 17.3%. OKTA comes next at 12.8%, CRWD 12.7%, MDB 11.9%, GTLB 12.1% and NTAP 10.9%, so Asana at 13.4% is the second widest of the seven.

Two sessions, and the sector did not do it

Put November 5 and November 6 side by side and the number is 8.85%. Asana closed November 4 at $11.64, November 5 at $11.17 and November 6 at $10.61.

On November 5 it fell 4.04% while the software names barely moved: WDAY fell 0.83%, INTU fell 0.50%, ADSK fell 0.34% and CRM fell 2.07%. On November 6 it fell 5.01% against losses of 2.76% at ADSK, 3.63% at WDAY, 3.72% at GLOB and 3.94% at CRM.

That is the whole of the move we can show. The only headline our scan carried for Asana was a quote page for the stock, so we are not going to tell a reader what caused a two-session fall of 8.85% that the rest of the group did not share.

Where the last month took the price

The month is still positive, which is the part that makes a two-day drop easy to misread. Asana closed at $9.33 on October 7, which was the low close of the past month, and it is 13.72% higher at $10.61 on November 6.

It ran to $12.02 on October 23, the high close of the month, then gave ground to $11.23 on October 30 and $11.15 on November 3 before the two sessions that took 8.85% off it.

From the October 23 high close of $12.02 to the November 6 close of $10.61 is a fall of 11.73%. The week from the October 30 close of $11.23 took 5.52% off, and the row's own downside mark is $9.95, which is 6.2% below the scan price.

How crowded is Asana against the rest of the table?

Very, and it is the number that separates this row from most of the software names we carry.

PATH carries 25.0% of float short at a score of 49. Asana is next at 21.0% with a score of 54, then GLOB at 20.3% and a score of 63, NCNO at 18.1% and a score of 69, and IQ at 14.3%.

Against the names printing on December 1 the gap is wider still. Asana at 21.0% sits against NTAP at 4.9%, MDB at 3.4%, MRVL at 3.3%, CRWD at 2.4%, OKTA at 4.7% and GTLB at 8.2%.

A fifth of the float short in a $2.43 billion company is the kind of positioning that moves a stock on a print, and the kind that can run into a squeeze if the print surprises.

How does Asana's book compare with the other December 1 names?

It is one of the thinnest. Of 15 ratings, 4 are buys, 1 is a strong buy, 8 are holds and 2 are sells, so 5 of 15 are on the buy side, which is 33.3%, and there are two sell ratings on the name.

MRVL's 39 bullish ratings out of 44 is 88.6%, MDB's 33 out of 41 is 80.5%, CRWD's 41 out of 53 is 77.4%, OKTA's 34 out of 44 is 77.3% and NTAP's 8 of 21 is 38.1%. Only GTLB at 32.1% sits below Asana.

Asana is also the only name on December 1 carrying more than one sell rating, and 15 analysts is 10 points short of the coverage maximum. A crowded short, a wide event and a thin book sit on one row here.

What has to change before the December 1 print?

The book first, because it is where the points are missing. Eight holds and two sells out of 15 ratings put conviction at 8.3 of 25 and the strong-buy column at 2 of 20, and coverage is another 10 points short.

Second the implied move, because it is the one column that moves on its own. At 13.4 points it is worth a quarter of the score, and it is already capped, so the column can only fall from here unless the chain re-prices it wider.

Third the price, because the downside mark is $9.95 and the post-earnings target is $11.27, both 6.2% from the $10.61 scan price. A stock that fell 8.85% in two sessions does not need much to reach its own mark.

And one thing that is not a lever. The sentiment reading is already worth the full 15, and the earnings history behind it does not change before the print.

Our scan runs at 6:30 Pacific time and every figure on this page comes from it, published in full at our open data.

So why is ASAN stock moving today? On the record we hold, what moved Asana was an 8.85% fall over two sessions that the software group did not share, on a name with 21.0% of float short and the second widest event priced on its print date.

What will move it on December 1 is the print the options market is charging 13.4% for over fourteen days. The reader decides whether a crowded short, a thin book and a stock 11.73% below its high close is a squeeze or a crowded position.

Frequently asked questions about Asana

When does Asana report earnings?

Asana reports on December 1, 2026, which is 24 days after our November 7 scan. Six other names print on that date, including MRVL, OKTA, CRWD and MongoDB.

Is ASAN a buy before the December 1 earnings report?

On the row the case is a wide event against a thin and crowded book. A score of 54 with 8 holds and 2 sell ratings out of 15 analysts is not strong, and the 13.4% implied move is the second widest of the seven names printing that day.

Why is ASAN stock down this month?

It is not, quite. The stock is 13.72% above the October 7 close of $9.33 and 11.73% below the October 23 high close of $12.02. The drop is the last two sessions, 8.85% from the November 4 close of $11.64.