Mahanagar Telephone Nigam (MTENY) Short Interest Ratio & Short Volume

Short interest is the volume of Mahanagar Telephone Nigam shares that have been sold short but have not yet been covered or closed out. As of September 15th, traders have sold 1,500 shares of MTENY short. Learn More on Mahanagar Telephone Nigam's current short interest.

Here is how the short interest of companies in the sector of "utilities" compare to Mahanagar Telephone Nigam: Brooge Energy Limited (0.10%), Ellomay Capital Ltd. (0.02%), Pure Cycle Co. (1.03%), H2O Innovation Inc. (0.03%), Global Water Resources, Inc. (0.80%), Artesian Resources Co. (1.66%), Oi S.A. (0.00%), Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (0.09%), Telecom Argentina S.A. (0.82%), Consolidated Communications Holdings, Inc. (4.48%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Occidental Petroleum Co. ($4.11 billion), Canadian Natural Resources Limited ($3.64 billion), Charter Communications, Inc. ($3.15 billion), Lucid Group, Inc. ($2.09 billion), Chesapeake Energy Co. ($2.02 billion), Coinbase Global, Inc. ($2.01 billion), T. Rowe Price Group, Inc. ($1.92 billion), Plug Power Inc. ($1.77 billion), Rivian Automotive, Inc. ($1.71 billion), and Williams-Sonoma, Inc. ($1.59 billion). View all of the most shorted stocks.

Short selling MTENY is an investing strategy that aims to generate trading profit from Mahanagar Telephone Nigam 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 Mahanagar Telephone Nigam 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 MTENY, 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 MTENY, twice per month. The most recent reporting period available is September, 15 2022.