MJ (MJNE) Short Interest Ratio & Short Volume

Short interest is the volume of MJ shares that have been sold short but have not yet been covered or closed out. As of September 15th, traders have sold 10,300 shares of MJNE short. Learn More on MJ's current short interest.

MJ saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 10,300 shares, an increase of 3,333.3% from the previous total of 300 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.

Here is how the short interest of companies in the sector of "finance" compare to MJ: Ucommune International Ltd (3.74%), Sparta Commercial Services, Inc. (0.00%), Holiday Island Holdings, Inc. (0.00%), Solar Energy Initiatives, Inc. (0.00%), Gemini Group Global Corp. (0.01%), HPIL Holding (0.00%), BTC Digital Ltd. (3.68%), Invent Ventures, Inc. (0.00%), Dunxin Financial Holdings Limited (2.31%), California Business Bank (0.00%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($8.05 billion), T-Mobile US, Inc. ($3.94 billion), Charter Communications, Inc. ($3.77 billion), Occidental Petroleum Co. ($3.27 billion), Tractor Supply ($2.29 billion), Celsius Holdings, Inc. ($2.20 billion), Rivian Automotive, Inc. ($2.10 billion), Moderna, Inc. ($2.08 billion), Royal Caribbean Cruises Ltd. ($1.90 billion), and T. Rowe Price Group, Inc. ($1.90 billion). View all of the most shorted stocks.

Short selling MJNE is an investing strategy that aims to generate trading profit from MJ as its price is falling. 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 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.

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 September, 15 2023.