Mega Matrix (MTMT) Short Interest Ratio & Short Volume

Short interest is the volume of Mega Matrix shares that have been sold short but have not yet been closed out or covered. As of January 15th, investors have sold 123,400 shares of MTMT short. 0.64% of Mega Matrix's shares are currently sold short. Learn More on Mega Matrix's current short interest.

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. MTMT shares currently have a short interest ratio of 3.0. Learn More on Mega Matrix's short interest ratio.

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. 0.64% of Mega Matrix's floating shares are currently sold short.

Mega Matrix saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 123,400 shares, a decline of 24.2% from the previous total of 162,700 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.

Mega Matrix currently has issued a total of 26,480,000 shares. Some of Mega Matrix'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. Mega Matrix currently has a public float of 19,250,000 shares.

0.64% of Mega Matrix's shares are currently sold short. Here is how the short interest of companies in the sector of "multi-sector conglomerates" compare to Mega Matrix: Fundamental Global Inc. (0.03%), INNOVATE Corp. (7.76%), Servotronics, Inc. (1.73%), Great Elm Group, Inc. (0.04%), La Rosa Holdings Corp. (0.08%), Alpine 4 Holdings, Inc. (4.64%), DSS, Inc. (0.28%), Star Equity Holdings, Inc. (1.53%), Philux Global Group Inc. (0.00%), Paranovus Entertainment Technology Ltd. (0.02%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($3.43 billion), T. Rowe Price Group, Inc. ($2.26 billion), Coinbase Global, Inc. ($2.19 billion), Etsy, Inc. ($1.78 billion), Paramount Global ($1.77 billion), Old Dominion Freight Line, Inc. ($1.69 billion), United Rentals, Inc. ($1.53 billion), American Airlines Group Inc. ($1.52 billion), PG&E Co. ($1.48 billion), and Voya Financial, Inc. ($1.47 billion). View all of the most shorted stocks.

Short selling MTMT is an investing strategy that aims to generate trading profit from Mega Matrix as its price is falling. MTMT shares are trading down $0.06 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 Mega Matrix 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 MTMT, 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 MTMT, twice per month. The most recent reporting period available is January, 15 2023.