Mackinac Financial Short Interest Ratio and Short Volume

+0.05 (+0.25 %)
(As of 07/23/2021 04:30 PM ET)
Today's Range
50-Day Range
52-Week Range
Volume92,288 shs
Average Volume172,110 shs
Market Capitalization$209.42 million
P/E Ratio14.49
Dividend Yield2.83%

Mackinac Financial (NASDAQ:MFNC) Short Interest Data

Current Short Volume13,300 shares
Previous Short Volume317,800 shares
Change Vs. Previous Month-95.81%
Dollar Volume Sold Short$262,808.00
Short Interest Ratio / Days to Cover0.0
Last Record DateJune, 30 2021
Outstanding Shares10,550,000 shares
Float Size8,830,000 shares
Short Percent of Float0.15%
Today's Trading Volume92,288 shares
Average Trading Volume172,110 shares
Today's Volume Vs. Average-46.38%

Short Interest Over Time

Days to Cover Over Time

Percentage of Float Shorted Over Time

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Mackinac Financial (NASDAQ:MFNC) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
6/30/202113,300 shares $262,808.00 -95.8%0.2%0 $19.76
6/15/2021317,800 shares $6.64 million +6.6%3.6%1 $20.90
5/28/2021298,100 shares $6.46 million -9.0%3.4%0.9 $21.68
5/14/2021327,700 shares $7.07 million +31.4%3.7%1.1 $21.57
4/30/2021249,400 shares $5.35 million -54.4%2.8%0.8 $21.44
4/15/2021547,100 shares $11.68 million +279.4%6.2%1.9 $21.35
3/31/2021144,200 shares $2.11 million +10.6%1.6%5.6 $14.62
3/15/2021130,400 shares $1.91 million +0.2%1.5%5.8 $14.64
2/26/2021130,200 shares $1.73 million +13.8%1.5%6.2 $13.31
2/12/2021114,400 shares $1.51 million +23.1%1.3%5.8 $13.21
1/29/202192,900 shares $1.19 million +21.6%1.1%4.6 $12.80
1/15/202176,400 shares $1.07 million +4.5%0.9%4.1 $14.00
12/31/202073,100 shares $949,569.00 +7.5%0.8%4.1 $12.99
12/15/202068,000 shares $855,440.00 -10.8%0.8%4.6 $12.58
11/30/202076,200 shares $944,880.00 +10.1%0.9%5.5 $12.40
11/15/202069,200 shares $847,008.00 -11.1%0.8%4.8 $12.24
10/30/202077,800 shares $792,004.00 -17.2%0.9%5.8 $10.18
10/15/202093,900 shares $996,279.00 +0.9%1.1%6.7 $10.61
9/30/202093,100 shares $898,415.00 +14.1%1.1%6.6 $9.65
9/15/202081,600 shares $784,992.00 -0.1%0.9%4.9 $9.62
8/31/202081,700 shares $818,634.00 +1.9%0.9%5 $10.02
8/14/202080,200 shares $815,634.00 -1.5%0.9%4.7 $10.17
7/31/202081,400 shares $740,740.00 -2.9%0.9%4.4 $9.10
7/15/202083,800 shares $783,530.00 -1.6%1.0%4.4 $9.35
6/30/202085,200 shares $883,524.00 +82.1%1.0%4.2 $10.37

Mackinac Financial (NASDAQ:MFNC) Short Interest FAQ

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What is Mackinac Financial's current short interest?

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 June 30th, investors have sold 13,300 shares of MFNC short. 0.15% of Mackinac Financial's shares are currently sold short. Learn More on Mackinac Financial's current short interest.

What is a good short interest percentage for Mackinac Financial?

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. 0.15% of Mackinac Financial's floating shares are currently sold short.

Is Mackinac Financial's short interest increasing or decreasing?

Mackinac Financial saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 13,300 shares, a decline of 95.8% from the previous total of 317,800 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.

What is Mackinac Financial's float size?

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 8,830,000 shares.

How does Mackinac Financial's short interest compare to its competitors?

0.15% of Mackinac Financial's shares are currently sold short. Here is how the short interest of companies in the industry of "state commercial banks" compare to Mackinac Financial: Washington Trust Bancorp, Inc. (2.39%), Lakeland Bancorp, Inc. (2.34%), HomeStreet, Inc. (3.51%), HarborOne Bancorp, Inc. (1.24%), Bryn Mawr Bank Co. (1.56%), Univest Financial Co. (1.13%), Altabancorp (2.38%), QCR Holdings, Inc. (1.20%), First National Bank Alaska (0.00%), and CrossFirst Bankshares, Inc. (1.46%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Advanced Micro Devices, Inc. ($8.32 billion), AstraZeneca PLC ($8.20 billion), Square, Inc. ($7.79 billion), Analog Devices, Inc. ($7.16 billion), S&P Global Inc. ($7.07 billion), Aon plc ($6.17 billion), Charter Communications, Inc. ($5.38 billion), Wayfair Inc. ($4.80 billion), AMC Entertainment Holdings, Inc. ($4.28 billion), and Snowflake Inc. ($3.19 billion). View all of the most shorted stocks.

What does it mean to sell short Mackinac Financial stock?

Short selling MFNC is an investing strategy that aims to generate trading profit from Mackinac Financial as its price is falling. Mackinac Financial's stock is trading up $0.05 today. To short Mackinac Financial 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 Mackinac Financial 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.

How does a short squeeze work against Mackinac Financial?

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.

How often is Mackinac Financial's short interest reported?

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 June, 30 2021.

This page was last updated on 7/23/2021 by Staff
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