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Magna Mining (MGMNF) Short Interest Ratio & Short Volume

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$1.30 +0.01 (+0.74%)
As of 06/20/2025 03:53 PM Eastern

Magna Mining Short Interest Data

Magna Mining (MGMNF) has a short interest of 188,300 shares. This marks a 7.29% increase in short interest from the previous month. The short interest ratio (days to cover) is 1.7, indicating that it would take 1.7 days of the average trading volume of 63,069 shares to cover all short positions.

Current Short Interest
188,300 shares
Previous Short Interest
175,500 shares
Change Vs. Previous Month
+7.29%
Dollar Volume Sold Short
$209.01 thousand
Short Interest Ratio
1.7 Days to Cover
Last Record Date
May 31, 2025
Today's Trading Volume
14,830 shares
Average Trading Volume
63,069 shares
Today's Volume Vs. Average
24%
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MGMNF Short Interest Over Time

MGMNF Days to Cover Over Time

MGMNF Percentage of Float Shorted Over Time

Magna Mining Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
5/31/2025188,300 shares $209.01 thousand +7.3%N/A1.7 $1.11
5/15/2025175,500 shares $179.01 thousand -11.8%N/A1.7 $1.02
4/30/2025198,900 shares $202.88 thousand -9.5%N/A2.7 $1.02
4/15/2025219,700 shares $235.08 thousand +47.3%N/A0.9 $1.07
3/31/2025149,200 shares $163.15 thousand -8.9%N/A1 $1.09
3/15/2025163,700 shares $186.63 thousand +31.5%N/A2.1 $1.14
2/28/2025124,500 shares $144.92 thousand +14.8%N/A1.3 $1.16
2/15/2025108,500 shares $127.27 thousand +28.3%N/A0.6 $1.17
1/31/202584,600 shares $99.83 thousand -56.1%N/A0.7 $1.18
1/15/2025192,600 shares $194.80 thousand +1.5%N/A2.3 $1.01
12/31/2024189,700 shares $176.78 thousand +10.9%N/A2.7 $0.93
12/15/2024171,000 shares $162.55 thousand -18.0%N/A1.6 $0.95
11/30/2024208,600 shares $213.82 thousand -4.6%N/A4.4 $1.03
11/15/2024218,600 shares $215.87 thousand +11.8%N/A1.4 $0.99
10/31/2024195,600 shares $160.35 thousand +6.8%N/A2.5 $0.82
10/15/2024183,100 shares $164.97 thousand +1.4%N/A2.8 $0.90
9/30/2024180,600 shares $164.48 thousand -11.8%N/A1.9 $0.91
9/15/2024204,700 shares $178.09 thousand +23.2%N/A1.9 $0.87
8/31/2024166,200 shares $98.89 thousand +7.4%N/A8.4 $0.60
8/15/2024154,700 shares $80.63 thousand +15.0%N/A8.1 $0.52
7/31/2024134,500 shares $70.53 thousand +11.8%N/A4.3 $0.52
7/15/2024120,300 shares $64.89 thousand +13.6%N/A2.2 $0.54
6/30/2024105,900 shares $55.92 thousand +225.9%N/A1.2 $0.53
6/15/202432,500 shares $19.03 thousand -65.3%N/A0.3 $0.59
5/31/202493,600 shares $54.61 thousand -7.7%N/A0.7 $0.58
5/15/2024101,400 shares $60.43 thousand -1.6%N/A0.8 $0.60
4/30/2024103,000 shares $61.69 thousand +13.1%N/A0.7 $0.60
4/15/202491,100 shares $47.36 thousand +31.5%N/A1 $0.52
3/31/202469,300 shares $31.78 thousand +58.9%N/A0.7 $0.46
3/15/202443,600 shares $14.73 thousand +4.1%N/A0.8 $0.34
2/29/202441,900 shares $12.98 thousand -32.1%N/A0.5 $0.31
2/15/202461,700 shares $20.18 thousand +269.5%N/A0.9 $0.33
1/15/202414,300 shares $4.65 thousand +160.0%N/A0.5 $0.33
12/31/20235,500 shares $2.29 thousand +189.5%N/A0.2 $0.42
12/15/20231,900 shares $582.16 -73.2%N/A0.1 $0.31
11/30/20237,100 shares $2.41 thousand -62.8%N/A0.4 $0.34
11/15/202319,100 shares $6.91 thousand +80.2%N/A0.7 $0.36
10/31/202310,600 shares $3.18 thousand -1.9%N/A0.2 $0.30
10/15/202310,800 shares $3.76 thousand +21.4%N/A0.4 $0.35
9/30/20238,900 shares $3.51 thousand +43.6%N/A0.1 $0.39
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9/15/20236,200 shares $2.90 thousand +72.2%N/A0.2 $0.47
8/31/20233,600 shares $1.58 thousand -10.0%N/A0.1 $0.44
8/15/20234,000 shares $2.03 thousand -62.6%N/A0 $0.51
7/31/202310,700 shares $5.89 thousand -46.8%N/A0.3 $0.55
7/15/202320,100 shares $9.45 thousand +318.8%N/A0.5 $0.47
6/30/20234,800 shares $2.16 thousand No ChangeN/A0.1 $0.45

MGMNF Short Interest - Frequently Asked Questions

What is Magna Mining's current short interest?

Short interest is the volume of Magna Mining shares that have been sold short but have not yet been covered or closed out. As of May 31st, investors have sold 188,300 shares of MGMNF short. Learn More on Magna Mining's current short interest.

What is a good short interest ratio for Magna Mining?

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. MGMNF shares currently have a short interest ratio of 2.0. Learn More on Magna Mining's short interest ratio.

Is Magna Mining's short interest increasing or decreasing?

Magna Mining saw a increase in short interest in the month of May. As of May 31st, there was short interest totaling 188,300 shares, an increase of 7.3% from the previous total of 175,500 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.

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: SPDR S&P 500 ETF Trust ($64.96 billion), Invesco QQQ ($27.88 billion), iShares Russell 2000 ETF ($19.94 billion), iShares 20+ Year Treasury Bond ETF ($9.69 billion), MicroStrategy Incorporated ($8.58 billion), SPDR S&P Biotech ETF ($5.72 billion), Invesco S&P 500 Equal Weight ETF ($5.45 billion), iShares iBoxx $ Investment Grade Corporate Bond ETF ($4.70 billion), Charter Communications, Inc. ($4.54 billion), and Industrial Select Sector SPDR Fund ($4.49 billion). View all of the most shorted stocks.

What does it mean to sell short Magna Mining stock?

Short selling MGMNF is an investing strategy that aims to generate trading profit from Magna Mining as its price is falling. MGMNF shares are trading up $0.01 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.

How does a short squeeze work against Magna Mining?

A short squeeze for Magna Mining 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 MGMNF, which in turn drives the price of the stock up even further.

How often is Magna Mining'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 MGMNF, twice per month. The most recent reporting period available is May, 31 2025.




This page (OTCMKTS:MGMNF) was last updated on 6/22/2025 by MarketBeat.com Staff
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