Magellan Health Short Interest Ratio and Short Volume

-0.08 (-0.08 %)
(As of 08/4/2021 12:08 PM ET)
Today's Range
50-Day Range
52-Week Range
Volume1,602 shs
Average Volume175,018 shs
Market Capitalization$2.47 billion
P/E Ratio6.19
Dividend YieldN/A

Magellan Health (NASDAQ:MGLN) Short Interest Data

Current Short Volume2,060,000 shares
Previous Short Volume1,980,000 shares
Change Vs. Previous Month+4.04%
Dollar Volume Sold Short$194.36 million
Short Interest Ratio / Days to Cover10.0
Last Record DateJuly, 15 2021
Outstanding Shares26,150,000 shares
Float Size25,710,000 shares
Short Percent of Float8.01%
Today's Trading Volume1,602 shares
Average Trading Volume175,018 shares
Today's Volume Vs. Average-99.08%

Short Interest Over Time

Days to Cover Over Time

Percentage of Float Shorted Over Time

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Magellan Health (NASDAQ:MGLN) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
7/15/20212,060,000 shares $194.36 million +4.0%8.0%10 $94.35
6/30/20211,980,000 shares $186.52 million +4.2%7.7%9.6 $94.20
6/15/20211,900,000 shares $179.06 million +11.1%7.4%9.5 $94.24
5/28/20211,710,000 shares $161.06 million +5.6%6.7%8.6 $94.19
5/14/20211,620,000 shares $152.96 million -6.4%N/A8 $94.42
4/30/20211,730,000 shares $163.12 million +9.5%N/A8.4 $94.29
4/15/20211,580,000 shares $148.58 million +6.8%N/A7.1 $94.04
3/31/20211,480,000 shares $138.31 million +21.3%N/A5.3 $93.45
3/15/20211,220,000 shares $113.69 million +9.9%N/A3.3 $93.19
2/26/20211,110,000 shares $103.45 million +16.1%N/A3.2 $93.20
2/12/2021956,000 shares $89.14 million +21.4%3.9%2.9 $93.24
1/29/2021787,400 shares $73.36 million +51.3%N/A2.4 $93.17
1/15/2021520,600 shares $49.22 million -0.2%N/A1.7 $94.55
12/31/2020521,800 shares $42.98 million +3.1%N/A2 $82.36
12/15/2020506,200 shares $40.56 million +29.8%N/A3.9 $80.13
11/30/2020390,000 shares $31.56 million -7.2%N/A2.9 $80.92
11/15/2020420,200 shares $35.75 million +22.5%N/A3.2 $85.09
10/30/2020343,100 shares $25.59 million +4.4%N/A2.9 $74.59
10/15/2020328,600 shares $25.66 million -7.2%N/A2.8 $78.09
9/30/2020353,900 shares $26.82 million -7.2%N/A3 $75.78
9/15/2020381,300 shares $28.77 million +14.1%N/A3.1 $75.46
8/31/2020334,300 shares $25.23 million -10.9%N/A2.6 $75.46
8/14/2020375,100 shares $28.47 million -21.1%N/A2.6 $75.90
7/31/2020475,200 shares $35.25 million -21.9%N/A2.7 $74.17
7/15/2020608,800 shares $43.96 million -12.5%N/A3.1 $72.20

Magellan Health (NASDAQ:MGLN) Short Interest FAQ

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What is Magellan Health's current short interest?

Short interest is the volume of Magellan Health shares that have been sold short but have not yet been closed out or covered. As of July 15th, investors have sold 2,060,000 shares of MGLN short. 8.01% of Magellan Health's shares are currently sold short. Learn More on Magellan Health's current short interest.

What is a good short interest ratio for Magellan Health?

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. Magellan Health currently has a short interest ratio of 10.0. Learn More on a good short interest ratio for Magellan Health

What is a good short interest percentage for Magellan Health?

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. 8.01% of Magellan Health's floating shares are currently sold short.

Is Magellan Health's short interest increasing or decreasing?

Magellan Health saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 2,060,000 shares, an increase of 4.0% from the previous total of 1,980,000 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 Magellan Health's float size?

Magellan Health currently has issued a total of 26,150,000 shares. Some of Magellan Health'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. Magellan Health currently has a public float of 25,710,000 shares.

How does Magellan Health's short interest compare to its competitors?

8.01% of Magellan Health's shares are currently sold short. Here is how the short interest of companies in the sector of "medical" compare to Magellan Health: Penumbra, Inc. (4.94%), CRISPR Therapeutics AG (3.63%), Intellia Therapeutics, Inc. (5.23%), United Therapeutics Co. (3.83%), Syneos Health, Inc. (2.94%), Bausch Health Companies Inc. (4.94%), Hill-Rom Holdings, Inc. (1.87%), Jazz Pharmaceuticals plc (6.99%), Ipsen S.A. (0.00%), and Neurocrine Biosciences, Inc. (4.30%).

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. ($7.55 billion), Square, Inc. ($7.47 billion), S&P Global Inc. ($7.40 billion), Analog Devices, Inc. ($6.82 billion), Aon plc ($5.98 billion), Charter Communications, Inc. ($5.10 billion), Wayfair Inc. ($4.38 billion), AMC Entertainment Holdings, Inc. ($2.87 billion), Teladoc Health, Inc. ($2.55 billion), and Nuance Communications, Inc. ($2.41 billion). View all of the most shorted stocks.

What does it mean to sell short Magellan Health stock?

Short selling MGLN is an investing strategy that aims to generate trading profit from Magellan Health as its price is falling. Magellan Health's stock is trading down $0.08 today. To short Magellan Health 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 Magellan Health 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 Magellan Health?

A short squeeze for Magellan Health 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 MGLN, which in turn drives the price of the stock up even further.

How often is Magellan Health'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 MGLN, twice per month. The most recent reporting period available is July, 15 2021.

This page was last updated on 8/4/2021 by Staff
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