MFS Municipal Income Trust (MFM) Short Interest Ratio & Short Volume

Short interest is the volume of MFS Municipal Income Trust shares that have been sold short but have not yet been closed out or covered. As of November 15th, investors have sold 34,700 shares of MFM short. Learn More on MFS Municipal Income Trust's current short interest.

MFS Municipal Income Trust saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 34,700 shares, an increase of 77.0% from the previous total of 19,600 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.

Here is how the short interest of companies in the sector of "finance" compare to MFS Municipal Income Trust: American Realty Investors, Inc. (1.66%), Banco BBVA Argentina S.A. (0.58%), Banco Macro S.A. (0.72%), Bancolombia S.A. (0.63%), BlackRock TCP Capital Corp. (1.98%), and Burford Capital Limited (1.30%).

As of the most recent reporting period, the following stocks had the largest short interest positions: RTX Co. ($7.24 billion), T-Mobile US, Inc. ($4.02 billion), Charter Communications, Inc. ($3.72 billion), Occidental Petroleum Co. ($2.80 billion), Lululemon Athletica Inc. ($2.48 billion), Coinbase Global, Inc. ($2.38 billion), Tractor Supply ($2.35 billion), Rivian Automotive, Inc. ($1.79 billion), Royal Caribbean Cruises Ltd. ($1.73 billion), and Moderna, Inc. ($1.71 billion). View all of the most shorted stocks.

Short selling MFM is an investing strategy that aims to generate trading profit from MFS Municipal Income Trust as its price is falling. MFM shares are trading up $0.09 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.

A short squeeze for MFS Municipal Income Trust 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 MFM, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including MFM, twice per month. The most recent reporting period available is November, 15 2023.