MJ Biotech (MJTV) Short Interest Ratio & Short Volume

Short interest is the volume of MJ Biotech shares that have been sold short but have not yet been covered or closed out. As of June 15th, investors have sold 14,300 shares of MJTV short. Learn More on MJ Biotech's current short interest.

MJ Biotech saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 14,300 shares, an increase of 31.2% from the previous total of 10,900 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.

Here is how the short interest of companies in the industry of "computer software" compare to MJ Biotech: Beamr Imaging Ltd. (2.22%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AstraZeneca PLC ($7.95 billion), Tesla, Inc. ($7.86 billion), Block, Inc. ($7.16 billion), Aon plc ($7.04 billion), Advanced Micro Devices, Inc. ($6.99 billion), Analog Devices, Inc. ($6.83 billion), S&P Global Inc. ($6.30 billion), Charter Communications, Inc. ($5.98 billion), AMC Entertainment Holdings, Inc. ($5.02 billion), and Wayfair Inc. ($4.68 billion). View all of the most shorted stocks.

Short selling MJTV is an investing strategy that aims to generate trading profit from MJ Biotech 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 Biotech 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 MJTV, 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 MJTV, twice per month. The most recent reporting period available is June, 15 2021.