MJ Short Interest Ratio and Short Volume

MJ (OTCMKTS:MJNE) Short Interest Frequently Asked Questions

What is MJ's current short interest?

Short interest is the volume of MJ shares that have been sold short but have not yet been closed out or covered. As of April 30th, traders have sold 1,900 shares of MJNE short. Learn More on MJ's current short interest.

Is MJ's short interest increasing or decreasing?

MJ saw a decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,900 shares, a decline of 84.3% from the previous total of 12,100 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 MJ's short interest compare to its competitors?

Here is how the short interest of companies in the industry of "business services, not elsewhere classified" compare to MJ: Research Solutions, Inc. (0.12%), Global Internet of People, Inc. (0.19%), Society Pass Incorporated (8.28%), Eqonex Limited (2.79%), Janel Co. (0.00%), Generation Hemp, Inc. (0.00%), Heritage Global Inc. (0.02%), Helbiz, Inc. (6.62%), DynTek, Inc. (0.00%), and TuanChe Limited (0.07%).

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Palo Alto Networks, Inc. ($4.31 billion), Charter Communications, Inc. ($3.24 billion), Lucid Group, Inc. ($2.25 billion), HP Inc. ($2.22 billion), GameStop Corp. ($1.69 billion), Carnival Co. & plc ($1.66 billion), Snap Inc. ($1.64 billion), Wayfair Inc. ($1.63 billion), Rivian Automotive, Inc. ($1.60 billion), and Upstart Holdings, Inc. ($1.53 billion). View all of the most shorted stocks.

What does it mean to sell short MJ stock?

Short selling MJNE is an investing strategy that aims to generate trading profit from MJ as its price is falling. MJ's stock is trading down $0.03 today. To short MJ 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 MJ 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 MJ?

A short squeeze for MJ 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 MJNE, which in turn drives the price of the stock up even further.

How often is MJ'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 MJNE, twice per month. The most recent reporting period available is April, 30 2022.