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NYSE:OPA

Magnum Opus Acquisition Short Interest Ratio and Short Volume

$9.91
+0.01 (+0.10 %)
(As of 09/28/2021 12:57 PM ET)
Add
Compare
Today's Range
$9.88
$9.92
50-Day Range
$9.62
$9.91
52-Week Range
$9.56
$10.17
Volume3,600 shs
Average Volume99,591 shs
Market Capitalization$247.75 million
P/E RatioN/A
Dividend YieldN/A
BetaN/A

Magnum Opus Acquisition (NYSE:OPA) Short Interest Data

Current Short Volume979,000 shares
Previous Short Volume1,900 shares
Change Vs. Previous Month+51,426.32%
Dollar Volume Sold Short$9.64 million
Short Interest Ratio / Days to Cover8.9
Last Record DateAugust, 31 2021
Outstanding Shares25,000,000 shares
Float Size20,000,000 shares
Short Percent of Float4.90%
Today's Trading Volume3,600 shares
Average Trading Volume99,591 shares
Today's Volume Vs. Average-96.39%

Days to Cover Over Time

Percentage of Float Shorted Over Time

cover of A Guide to High-Short-Interest Stocks and How to Trade Them ebook
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Magnum Opus Acquisition (NYSE:OPA) Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
8/31/2021979,000 shares $9.64 million +51,426.3%4.9%8.9 $9.85
8/13/20211,900 shares $18,411.00 No Change0.0%0.1 $9.69

Magnum Opus Acquisition (NYSE:OPA) Short Interest FAQ

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Magnum Opus Acquisition (NYSE:OPA) Short Interest Frequently Asked Questions

What is Magnum Opus Acquisition's current short interest?

Short interest is the volume of Magnum Opus Acquisition shares that have been sold short but have not yet been covered or closed out. As of August 31st, investors have sold 979,000 shares of OPA short. 4.90% of Magnum Opus Acquisition's shares are currently sold short. Learn More on Magnum Opus Acquisition's current short interest.

What is a good short interest ratio for Magnum Opus Acquisition?

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. Magnum Opus Acquisition currently has a short interest ratio of 9.0. Learn More on a good short interest ratio for Magnum Opus Acquisition

What is a good short interest percentage for Magnum Opus Acquisition?

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. 4.90% of Magnum Opus Acquisition's floating shares are currently sold short.

Is Magnum Opus Acquisition's short interest increasing or decreasing?

Magnum Opus Acquisition saw a increase in short interest in August. As of August 31st, there was short interest totaling 979,000 shares, an increase of 51,426.3% from the previous total of 1,900 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 Magnum Opus Acquisition's float size?

Magnum Opus Acquisition currently has issued a total of 25,000,000 shares. Some of Magnum Opus Acquisition'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. Magnum Opus Acquisition currently has a public float of 20,000,000 shares.

How does Magnum Opus Acquisition's short interest compare to its competitors?

4.90% of Magnum Opus Acquisition's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Magnum Opus Acquisition: Bain Capital Specialty Finance, Inc. (0.32%), CONX Corp. (0.23%), Apollo Strategic Growth Capital II (0.07%), Pontem Co. (0.05%), CC Neuberger Principal Holdings II (0.70%), Fortress Value Acquisition Corp. IV (0.00%), Nautilus Biotechnology, Inc. (10.48%), Avanti Acquisition Corp. (0.08%), Liberty Media Acquisition Co. (0.31%), and RedBall Acquisition Corp. (0.77%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Square, Inc. ($9.81 billion), S&P Global Inc. ($7.52 billion), Advanced Micro Devices, Inc. ($7.18 billion), Charter Communications, Inc. ($6.21 billion), Wayfair Inc. ($4.60 billion), Zoom Video Communications, Inc. ($3.23 billion), Uber Technologies, Inc. ($3.11 billion), Palo Alto Networks, Inc. ($2.74 billion), Teladoc Health, Inc. ($2.52 billion), and Etsy, Inc. ($2.16 billion). View all of the most shorted stocks.

What does it mean to sell short Magnum Opus Acquisition stock?

Short selling OPA is an investing strategy that aims to generate trading profit from Magnum Opus Acquisition as its price is falling. Magnum Opus Acquisition's stock is trading up $0.01 today. To short Magnum Opus Acquisition 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 Magnum Opus Acquisition 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 Magnum Opus Acquisition?

A short squeeze for Magnum Opus Acquisition 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 OPA, which in turn drives the price of the stock up even further.

How often is Magnum Opus Acquisition'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 OPA, twice per month. The most recent reporting period available is August, 31 2021.



This page was last updated on 9/28/2021 by MarketBeat.com Staff

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