Mackinac Financial (MFNC) Short Interest Ratio & Short Volume

Short interest is the volume of Mackinac Financial shares that have been sold short but have not yet been covered or closed out. As of August 13th, investors have sold 29,600 shares of MFNC short. 0.33% of Mackinac Financial's shares are currently sold short. Learn More on Mackinac Financial's current short interest.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.33% of Mackinac Financial's floating shares are currently sold short.

Mackinac Financial saw a increase in short interest in August. As of August 13th, there was short interest totaling 29,600 shares, an increase of 8.8% from the previous total of 27,200 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Mackinac Financial currently has issued a total of 10,550,000 shares. Some of Mackinac Financial's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Mackinac Financial currently has a public float of 8,840,000 shares.

0.33% of Mackinac Financial's shares are currently sold short. Here is how the short interest of companies in the sector of "finance" compare to Mackinac Financial: BayCom Corp (0.66%), PCB Bancorp (0.61%), Central Valley Community Bancorp (1.59%), Southern States Bancshares, Inc. (0.58%), Civista Bancshares, Inc. (0.78%), First Bank (0.59%), John Marshall Bancorp, Inc. (0.62%), Citizens Financial Services, Inc. (0.57%), HomeStreet, Inc. (3.36%), LINKBANCORP, Inc. (0.13%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Block, Inc. ($9.67 billion), S&P Global Inc. ($7.87 billion), Advanced Micro Devices, Inc. ($7.80 billion), Analog Devices, Inc. ($7.03 billion), Sea Limited ($6.40 billion), Charter Communications, Inc. ($5.60 billion), Wayfair Inc. ($5.18 billion), Aon plc ($3.93 billion), CrowdStrike Holdings, Inc. ($2.52 billion), and Teladoc Health, Inc. ($2.49 billion). View all of the most shorted stocks.

Short selling MFNC is an investing strategy that aims to generate trading profit from Mackinac Financial as its price is falling. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Mackinac Financial occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of MFNC, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including MFNC, twice per month. The most recent reporting period available is August, 13 2021.