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MGP Ingredients Short Interest Ratio and Short Volume

+2.77 (+6.89 %)
(As of 10/29/2020 12:00 AM ET)
Today's Range
Now: $42.96
50-Day Range
MA: $40.06
52-Week Range
Now: $42.96
Volume209,080 shs
Average Volume176,189 shs
Market Capitalization$726.58 million
P/E Ratio18.60
Dividend Yield1.19%

Short Interest

MGP Ingredients (NASDAQ:MGPI) Short Interest Data

Current Short Volume:2,060,000 shares
Previous Short Volume:2,200,000 shares
Change Vs. Previous Month:-6.36%
Dollar Volume Sold Short:$84.15 million
Short Interest Ratio / Days to Cover:20.0
Last Record Date:October, 15 2020
Outstanding Shares:17,030,000 shares
Float Size:13,180,000 shares
Short Percent of Float:15.63%
Today's Trading Volume:209,080 shares
Average Trading Volume:176,189 shares
Today's Volume Vs. Average:18.67%

MGP Ingredients (NASDAQ:MGPI) Short Interest History

DateShares Sold ShortDollar Volume Sold ShortPercentage ChangePercentage FloatDays to CoverPrice on Record Date
10/15/20202,060,000 $84.15 million -6.4%15.6%19.7$40.85
9/30/20202,200,000 $89.58 million -15.4%16.7%20.5$40.72
9/15/20202,600,000 $97.42 million 1.2%19.8%25$37.47
8/31/20202,570,000 $99.84 million -1.5%19.6%26.6$38.85
8/14/20202,610,000 $95.58 million -1.1%19.9%27.6$36.62
7/31/20202,640,000 $97.28 million 3.1%20.2%25.2$36.85
7/15/20202,560,000 $92.85 million 1.2%19.6%18.9$36.27
6/30/20202,530,000 $98.27 million 5.0%19.4%15.5$38.84
6/15/20202,410,000 $85.99 million -0.4%18.5%12.4$35.68
5/29/20202,420,000 $83.93 million -1.2%18.6%10.4$34.68
5/15/20202,450,000 $91.90 million 5.2%18.6%9.4$37.51
4/30/20202,330,000 $93.76 million 4.0%17.7%8.9$40.24
4/15/20202,240,000 $82.03 million 0.0%16.9%8.8$36.62
3/31/20202,240,000 $79.77 million -13.2%16.9%7.9$35.61
3/13/20202,580,300 $90.52 million -6.2%19.4%9.8$35.08
2/28/20202,750,000 $70.32 million -2.5%20.7%12.4$25.57
2/14/20202,820,000 $82.32 million -8.7%21.2%14.3$29.19
1/31/20203,090,000 $87.82 million -14.2%23.3%15.8$28.42
1/15/20203,600,000 $123.26 million -1.4%27.1%17.9$34.24
12/31/20193,650,000 $133.81 million 0.8%27.5%25.8$36.66
8/15/20195,541,700 $250.76 million -2.9%41.9%26.3$45.25

MGP Ingredients (NASDAQ:MGPI) Short Interest FAQ

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What is MGP Ingredients' current short interest?

Short interest is the volume of MGP Ingredients shares that have been sold short but have not yet been covered or closed out. As of October 15th, investors have sold 2,060,000 shares of MGPI short. 15.63% of MGP Ingredients' shares are currently sold short. View details.

What is a good short interest ratio for MGP Ingredients?

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. MGP Ingredients currently has a short interest ratio of 20.0.

What is a good short interest percentage for MGP Ingredients?

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. 15.63% of MGP Ingredients' floating shares are currently sold short.

Is MGP Ingredients' short interest increasing or decreasing?

MGP Ingredients saw a decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,060,000 shares, a decline of 6.4% from the previous total of 2,200,000 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 MGP Ingredients' float size?

MGP Ingredients currently has issued a total of 16,913,000 shares. Some of MGP Ingredients' 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. MGP Ingredients currently has a public float of 13,180,000 shares.

How does MGP Ingredients' short interest compare to its competitors?

15.63% of MGP Ingredients' shares are currently sold short. Here is how the short interest of companies in the sector of "consumer staples" compare to MGP Ingredients: Glanbia plc (0.00%), Sanderson Farms, Inc. (7.58%), Energizer Holdings Inc (5.91%), Nu Skin Enterprises, Inc. (2.76%), Health and Happiness (H&H) International Holdings Limited (0.00%), J & J Snack Foods Corp. (8.82%), Britvic plc (0.00%), Brf S.A. (0.00%), Coty Inc. (8.81%), and Hillenbrand, Inc. (0.00%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications Inc ($4.68 billion), Aon Plc ($3.70 billion), Clorox Co ($2.93 billion), ViacomCBS Inc. ($2.88 billion), Analog Devices, Inc. ($2.75 billion), Snap Inc. ($2.72 billion), Kroger Co ($2.21 billion), Uber Technologies, Inc. ($1.94 billion), Moderna, Inc. ($1.93 billion), and Datadog, Inc. ($1.83 billion). View all of the most shorted stocks.

What does it mean to sell short MGP Ingredients stock?

Short selling MGPI is an investing strategy that aims to generate trading profit from MGP Ingredients as its price is falling. MGP Ingredients' stock is trading up $2.77 today. To short MGP Ingredients 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 MGP Ingredients 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 MGP Ingredients?

A short squeeze for MGP Ingredients 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 MGPI, which in turn drives the price of the stock up even further.

How often is MGP Ingredients' 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 MGPI, twice per month. The most recent reporting period available is October, 15 2020.

This page was last updated on 10/30/2020 by MarketBeat.com Staff

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