Magyar Bancorp Short Interest Ratio and Short Volume

-0.09 (-0.67 %)
(As of 05/5/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume869 shs
Average Volume2,344 shs
Market Capitalization$77.05 million
P/E Ratio34.89
Dividend YieldN/A

Short Interest

Magyar Bancorp (NASDAQ:MGYR) Short Interest Data

Current Short Volume800 shares
Previous Short Volume2,600 shares
Change Vs. Previous Month-69.23%
Dollar Volume Sold Short$10,892.00
Short Interest Ratio / Days to Cover0.4
Last Record DateApril, 15 2021
Outstanding Shares5,811,000 shares
Float Size2,390,000 shares
Short Percent of Float0.03%
Today's Trading Volume869 shares
Average Trading Volume2,344 shares
Today's Volume Vs. Average-62.93%

Short Interest Over Time

Magyar Bancorp (NASDAQ:MGYR) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
4/15/2021800 shares $10,892.00 -69.2%0.0%0.4$13.62
3/31/20212,600 shares $37,024.00 +333.3%0.1%1.4$14.24
3/15/2021600 shares $7,860.00 No Change0.0%0.3$13.10
2/26/2021600 shares $6,600.00 No Change0.0%0.3$11.00
2/12/2021600 shares $6,306.00 -14.3%0.0%0.4$10.51
1/29/2021700 shares $7,490.00 -50.0%0.0%0.4$10.70
1/15/20211,400 shares $13,538.00 No Change0.1%0.7$9.67
1/15/2020500 shares $6,130.00 +25.0%0.0%1.3$12.26
12/31/2019500 shares $6,150.00 +25.0%0.0%1.3$12.30

Magyar Bancorp (NASDAQ:MGYR) Short Interest FAQ

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What is Magyar Bancorp's current short interest?

Short interest is the volume of Magyar Bancorp shares that have been sold short but have not yet been closed out or covered. As of April 15th, investors have sold 800 shares of MGYR short. 0.03% of Magyar Bancorp's shares are currently sold short. View details.

What is a good short interest percentage for Magyar Bancorp?

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. 0.03% of Magyar Bancorp's floating shares are currently sold short.

Is Magyar Bancorp's short interest increasing or decreasing?

Magyar Bancorp saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 800 shares, a decline of 69.2% from the previous total of 2,600 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 Magyar Bancorp's float size?

Magyar Bancorp currently has issued a total of 5,811,000 shares. Some of Magyar Bancorp'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. Magyar Bancorp currently has a public float of 2,390,000 shares.

How does Magyar Bancorp's short interest compare to its competitors?

0.03% of Magyar Bancorp's shares are currently sold short. Here is how the short interest of companies in the industry of "federal savings institutions" compare to Magyar Bancorp: Provident Bancorp Inc (0.00%), Northrim BanCorp, Inc. (0.69%), Sterling Bancorp (1.83%), Territorial Bancorp Inc. (1.70%), Farmers & Merchants Bancorp, Inc. (1.64%), BCB Bancorp, Inc. (1.60%), Western New England Bancorp, Inc. (1.64%), Northeast Community Bancorp, Inc. (0.00%), 1st Constitution Bancorp (0.00%), and PDL Community Bancorp (2.04%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short Magyar Bancorp stock?

Short selling MGYR is an investing strategy that aims to generate trading profit from Magyar Bancorp as its price is falling. Magyar Bancorp's stock is trading down $0.09 today. To short Magyar Bancorp 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 Magyar Bancorp 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 Magyar Bancorp?

A short squeeze for Magyar Bancorp 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 MGYR, which in turn drives the price of the stock up even further.

How often is Magyar Bancorp'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 MGYR, twice per month. The most recent reporting period available is April, 15 2021.

This page was last updated on 5/5/2021 by Staff
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