Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság Short Interest Ratio and Short Volume

Short interest is the volume of Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság shares that have been sold short but have not yet been covered or closed out. As of April 15th, traders have sold 6,200 shares of MYTAY short.

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. Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság currently has a short interest ratio of 4.0.

Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság saw a increase in short interest in April. As of April 15th, there was short interest totaling 6,200 shares, an increase of 3.3% from the previous total of 6,000 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.

0.00% of Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság's shares are currently sold short. Here is how the short interest of companies in the industry of "communication services, not elsewhere classified" compare to Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság: Cogent Communications Holdings, Inc. (2.86%), Calix, Inc. (5.03%), Globalstar, Inc. (6.57%), Gogo Inc. (28.50%), ORBCOMM Inc. (2.29%), Boingo Wireless, Inc. (3.36%), uCloudlink Group Inc. (0.00%), RigNet, Inc. (1.36%), Remark Holdings, Inc. (0.00%), and Ayro, Inc. (20.17%).

As of the most recent reporting period, the following stocks had the largest short interest positions: Analog Devices, Inc. ($5.85 billion), Aon plc ($5.61 billion), Charter Communications, Inc. ($5.44 billion), Snap Inc. ($3.49 billion), Airbnb, Inc. ($3.35 billion), Peloton Interactive, Inc. ($2.53 billion), ViacomCBS Inc. ($2.48 billion), Expedia Group, Inc. ($2.39 billion), The Kroger Co. ($2.26 billion), and Nuance Communications, Inc. ($2.18 billion). View all of the most shorted stocks.

Short selling MYTAY is an investing strategy that aims to generate trading profit from Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság as its price is falling. Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság's stock is trading down $0.15 today. To short Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság 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 Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság 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 Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság 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 MYTAY, 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 MYTAY, twice per month. The most recent reporting period available is April, 15 2021.