MagnaChip Semiconductor Short Interest Ratio and Short Volume

+0.86 (+3.42 %)
(As of 04/19/2021 12:00 AM ET)
Today's Range
Now: $26.01
50-Day Range
MA: $23.58
52-Week Range
Now: $26.01
Volume1.52 million shs
Average Volume1.14 million shs
Market Capitalization$1.20 billion
P/E Ratio4.06
Dividend YieldN/A

Short Interest

MagnaChip Semiconductor (NYSE:MX) Short Interest Data

Current Short Volume3,510,000 shares
Previous Short Volume2,980,000 shares
Change Vs. Previous Month:+17.79%
Dollar Volume Sold Short$88.77 million
Short Interest Ratio / Days to Cover2.9
Last Record DateMarch, 31 2021
Outstanding Shares34,240,000 shares
Percentage of Shares Shorted7.61%
Today's Trading Volume1,518,596 shares
Average Trading Volume1,142,600 shares
Today's Volume Vs. Average32.91%

Short Interest Over Time

MagnaChip Semiconductor (NYSE:MX) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
3/31/20213,510,000 shares $88.77 million +17.8%N/A2.9 $25.29
3/15/20212,980,000 shares $77.51 million +43.3%N/A3.7 $26.01
2/26/20212,080,000 shares $44.30 million -50.8%N/A2.9 $21.30
2/12/20214,230,000 shares $79.06 million -3.2%N/A7.5 $18.69
1/29/20214,370,000 shares $84.38 million +35.7%N/A9.2 $19.31
1/15/20213,220,000 shares $56.19 million +0.9%N/A7.2 $17.45
12/31/20203,220,000 shares $55.71 million +7.3%N/A9.1 $17.30
12/15/20203,220,000 shares $44.08 million +7.3%N/A9.1 $13.69
11/30/20203,000,000 shares $39.51 million +130.8%N/A8.8 $13.17
11/15/20201,300,000 shares $18.25 million -3.7%N/A3.7 $14.04
10/30/20201,350,000 shares $18.62 million +76.3%N/A3.9 $13.79
10/15/2020765,900 shares $10.31 million -8.2%2.3%2.2 $13.46
9/30/2020834,400 shares $11.92 million +7.3%2.5%2.5 $14.29
9/15/2020777,900 shares $10.43 million +8.2%2.3%2.2 $13.41
8/31/2020718,800 shares $9.37 million -6.6%2.1%1.9 $13.04
8/14/2020769,200 shares $10.16 million +5.8%2.3%1.9 $13.21
7/31/2020727,200 shares $9.13 million +17.4%2.1%1.7 $12.56
7/15/2020619,200 shares $7.05 million +5.5%1.8%1.4 $11.38
6/30/2020587,000 shares $6.12 million -38.5%1.7%1.1 $10.42
6/15/2020954,000 shares $9.88 million +11.0%2.8%1.8 $10.36
5/29/2020859,300 shares $9.07 million -26.6%2.6%1.5 $10.55
5/15/20201,170,000 shares $12.94 million +45.3%3.5%2.1 $11.06
4/30/2020805,500 shares $9.19 million +45.6%2.4%1.4 $11.41
4/15/2020553,400 shares $6.13 million +16.2%1.7%1 $11.08
3/31/2020476,400 shares $5.48 million -49.4%1.4%1 $11.51

MagnaChip Semiconductor (NYSE:MX) Short Interest FAQ

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What is MagnaChip Semiconductor's current short interest?

Short interest is the volume of MagnaChip Semiconductor shares that have been sold short but have not yet been closed out or covered. As of March 31st, traders have sold 3,510,000 shares of MX short.

What is a good short interest ratio for MagnaChip Semiconductor?

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. MagnaChip Semiconductor currently has a short interest ratio of 3.0.

Is MagnaChip Semiconductor's short interest increasing or decreasing?

MagnaChip Semiconductor saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,510,000 shares, an increase of 17.8% from the previous total of 2,980,000 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.

How does MagnaChip Semiconductor's short interest compare to its competitors?

0.00% of MagnaChip Semiconductor's shares are currently sold short. Here is how the short interest of companies in the industry of "semiconductors & related devices" compare to MagnaChip Semiconductor: Daqo New Energy Corp. (0.00%), Synaptics Incorporated (12.81%), SunPower Co. (22.03%), Semtech Co. (1.61%), MACOM Technology Solutions Holdings, Inc. (5.77%), Viavi Solutions Inc. (4.84%), FormFactor, Inc. (0.00%), Ambarella, Inc. (0.00%), Diodes Incorporated (2.44%), and Kulicke and Soffa Industries, Inc. (1.02%).

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. ($5.84 billion), Aon plc ($5.47 billion), Charter Communications, Inc. ($5.36 billion), ViacomCBS Inc. ($3.99 billion), Snap Inc. ($3.77 billion), Airbnb, Inc. ($2.90 billion), Peloton Interactive, Inc. ($2.43 billion), Discovery, Inc. ($2.38 billion), The Kroger Co. ($2.28 billion), and Expedia Group, Inc. ($2.18 billion). View all of the most shorted stocks.

What does it mean to sell short MagnaChip Semiconductor stock?

Short selling MX is an investing strategy that aims to generate trading profit from MagnaChip Semiconductor as its price is falling. MagnaChip Semiconductor's stock is trading up $0.86 today. To short MagnaChip Semiconductor 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 MagnaChip Semiconductor 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 MagnaChip Semiconductor?

A short squeeze for MagnaChip Semiconductor 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 MX, which in turn drives the price of the stock up even further.

How often is MagnaChip Semiconductor'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 MX, twice per month. The most recent reporting period available is March, 31 2021.

This page was last updated on 4/19/2021 by MarketBeat.com Staff
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