S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Stock market today: Wall Street clings to modest gains and marks another winning week
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Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
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Stock ideas from the 2024 Microcap Conference
Laser breakthrough could send stock soaring 2,467% (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Warner Bros. Discover: Debt down, profits up, yet questions remain
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Stock market today: Wall Street clings to modest gains and marks another winning week
Dropbox’s stock is a falling knife worth catching
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Novavax’s dispute resolution and upcoming earnings call
Stock ideas from the 2024 Microcap Conference
Laser breakthrough could send stock soaring 2,467% (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Warner Bros. Discover: Debt down, profits up, yet questions remain
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Stock market today: Wall Street clings to modest gains and marks another winning week
Dropbox’s stock is a falling knife worth catching
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Novavax’s dispute resolution and upcoming earnings call
Stock ideas from the 2024 Microcap Conference
Laser breakthrough could send stock soaring 2,467% (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Warner Bros. Discover: Debt down, profits up, yet questions remain
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Dell Technologies breaks out ahead of earnings release
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Stock market today: Wall Street clings to modest gains and marks another winning week
Dropbox’s stock is a falling knife worth catching
Investing Wizard Who Turned $37K Into $2.7M in Just 4 Years Makes His Next Big Move (Ad)
Novavax’s dispute resolution and upcoming earnings call
Stock ideas from the 2024 Microcap Conference
Laser breakthrough could send stock soaring 2,467% (Ad)
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Warner Bros. Discover: Debt down, profits up, yet questions remain

Magic Software Enterprises (MGIC) Short Interest Ratio & Short Volume

$10.65
+0.02 (+0.19%)
(As of 02/23/2024 ET)

Magic Software Enterprises Short Interest Data

Current Short Volume
57,700 shares
Previous Short Volume
47,300 shares
Change Vs. Previous Month
+21.99%
Dollar Volume Sold Short
$576,423.00
Short Interest Ratio / Days to Cover
1.0
Last Record Date
January 31, 2024
Outstanding Shares
49,090,000 shares
Float Size
26,190,000 shares
Short Percent of Float
0.22%
Today's Trading Volume
52,918 shares
Average Trading Volume
59,200 shares
Today's Volume Vs. Average
89%
cover of A Guide to High-Short-Interest Stocks and How to Trade Them ebook
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MGIC Short Interest Over Time

MGIC Days to Cover Over Time

MGIC Percentage of Float Shorted Over Time


Magic Software Enterprises Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
1/31/202457,700 shares $576,423.00 +22.0%0.2%1 $9.99
1/15/202447,300 shares $455,026.00 -57.6%0.2%0.8 $9.62
12/31/2023111,600 shares $1.08 million +116.3%0.4%2 $9.69
12/15/202351,600 shares $498,456.00 +46.6%0.2%1.1 $9.66
11/30/202335,200 shares $322,784.00 -6.1%0.1%0.9 $9.17
11/15/202337,500 shares $319,125.00 -25.2%0.1%1 $8.51
10/31/202350,100 shares $502,002.00 +56.6%0.2%1.5 $10.02
10/15/202332,000 shares $352,000.00 +251.7%0.1%1.3 $11.00
9/30/20239,100 shares $102,739.00 -43.1%0.0%0.5 $11.29
9/15/202316,000 shares $179,200.00 +29.0%0.1%0.9 $11.20
8/31/202312,400 shares $143,468.00 -16.2%0.1%0.6 $11.57
8/15/202314,800 shares $180,264.00 +131.3%0.1%0.6 $12.18
7/31/20236,400 shares $80,320.00 -24.7%0.0%0.3 $12.55
7/15/20238,500 shares $108,460.00 -12.4%0.0%0.4 $12.76
6/30/20239,700 shares $129,010.00 -18.5%0.0%0.4 $13.30
6/15/202311,900 shares $165,767.00 +25.3%0.1%0.5 $13.93
5/31/20239,500 shares $113,335.00 -22.1%0.0%0.3 $11.93
5/15/202312,200 shares $172,142.00 -34.1%0.1%0.5 $14.11
4/30/202318,500 shares $248,085.00 -13.6%0.1%0.7 $13.41
4/15/202321,400 shares $285,690.00 +63.4%0.1%0.8 $13.35
3/31/202313,100 shares $178,553.00 +84.5%0.1%0.6 $13.63
3/15/20237,100 shares $92,655.00 -34.9%0.0%0.3 $13.05
2/28/202310,900 shares $149,875.00 -19.3%0.0%0.7 $13.75
2/15/202313,500 shares $226,395.00 -17.2%0.1%1 $16.77
1/31/202316,300 shares $265,038.00 +20.7%0.1%1.1 $16.26
1/15/202313,500 shares $211,005.00 -18.7%0.1%0.9 $15.63
12/30/202216,600 shares $265,980.14 -19.8%0.1%1 $16.02
12/15/202220,700 shares $331,614.00 -30.3%0.1%1.2 $16.02
11/30/202229,700 shares $513,810.00 +165.2%0.1%1.4 $17.30
11/15/202211,200 shares $190,736.00 +69.7%0.1%0.5 $17.03
10/31/20226,600 shares $103,488.00 +3.1%0.0%0.3 $15.68
10/15/20226,400 shares $93,248.00 -70.5%0.0%0.3 $14.57
9/30/202221,700 shares $337,652.00 +600.0%0.1%0.9 $15.56
9/15/20223,100 shares $51,119.00 -76.9%0.0%0.1 $16.49
8/31/202213,400 shares $227,264.00 -42.2%0.1%0.5 $16.96
8/15/202223,200 shares $437,320.00 +427.3%0.1%1.1 $18.85
7/31/20224,400 shares $86,460.00 -48.2%0.0%0.2 $19.65
7/15/20228,500 shares $158,440.00 +7.6%0.0%0.4 $18.64
6/30/20227,900 shares $140,383.00 +107.9%0.0%0.5 $17.77
6/15/20223,800 shares $64,980.00 -51.9%0.0%0.2 $17.10













MGIC Short Interest - Frequently Asked Questions

What is Magic Software Enterprises' current short interest?

Short interest is the volume of Magic Software Enterprises shares that have been sold short but have not yet been closed out or covered. As of January 31st, traders have sold 57,700 shares of MGIC short. 0.22% of Magic Software Enterprises' shares are currently sold short. Learn More on Magic Software Enterprises' current short interest.

What is a good short interest ratio for Magic Software Enterprises?

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. MGIC shares currently have a short interest ratio of 1.0. Learn More on Magic Software Enterprises's short interest ratio.

Which institutional investors are shorting Magic Software Enterprises?

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Magic Software Enterprises: Citadel Advisors LLC, and Concourse Financial Group Securities Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

What is a good short interest percentage for Magic Software Enterprises?

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. 0.22% of Magic Software Enterprises' floating shares are currently sold short.

Is Magic Software Enterprises' short interest increasing or decreasing?

Magic Software Enterprises saw a increase in short interest in January. As of January 31st, there was short interest totaling 57,700 shares, an increase of 22.0% from the previous total of 47,300 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 Magic Software Enterprises' float size?

Magic Software Enterprises currently has issued a total of 49,090,000 shares. Some of Magic Software Enterprises' 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. Magic Software Enterprises currently has a public float of 26,190,000 shares.

How does Magic Software Enterprises' short interest compare to its competitors?

0.22% of Magic Software Enterprises' shares are currently sold short. Here is how the short interest of companies in the industry of "prepackaged software" compare to Magic Software Enterprises: Cognyte Software Ltd. (0.58%), Cerence Inc. (11.47%), CS Disco, Inc. (3.61%), Backblaze, Inc. (2.90%), Kingsoft Cloud Holdings Limited (3.43%), 3D Systems Co. (7.03%), Domo, Inc. (3.08%), American Software, Inc. (1.04%), Consensus Cloud Solutions, Inc. (6.42%), Materialise NV (0.24%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($4.48 billion), General Motors ($3.85 billion), Charter Communications, Inc. ($3.38 billion), Occidental Petroleum Co. ($3.00 billion), Super Micro Computer, Inc. ($2.66 billion), Tractor Supply ($2.37 billion), Coinbase Global, Inc. ($2.25 billion), Moderna, Inc. ($2.11 billion), Royal Caribbean Cruises Ltd. ($2.06 billion), and Floor & Decor Holdings, Inc. ($1.67 billion). View all of the most shorted stocks.

What does it mean to sell short Magic Software Enterprises stock?

Short selling MGIC is an investing strategy that aims to generate trading profit from Magic Software Enterprises as its price is falling. MGIC shares are trading up $0.02 today. 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.

How does a short squeeze work against Magic Software Enterprises?

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

How often is Magic Software Enterprises' 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 MGIC, twice per month. The most recent reporting period available is January, 31 2024.



More Short Interest Resources from MarketBeat

This page (NASDAQ:MGIC) was last updated on 2/24/2024 by MarketBeat.com Staff