Magna International (MGA) Short Interest Ratio & Short Volume → $5,000 Gold? (From Stansberry Research) (Ad) Free MGA Stock Alerts $48.39 +0.75 (+1.57%) (As of 05/2/2024 ET) Add Compare Share Share Short InterestStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Magna International Short Interest DataCurrent Short Volume9,070,000 sharesPrevious Short Volume9,810,000 sharesChange Vs. Previous Month-7.54%Dollar Volume Sold Short$450.33 millionShort Interest Ratio / Days to Cover6.3Last Record DateApril 15, 2024Outstanding Shares287,280,000 sharesFloat Size268,530,000 sharesShort Percent of Float3.38%Today's Trading Volume3,289,587 sharesAverage Trading Volume1,398,738 sharesToday's Volume Vs. Average235% Short Selling Magna International ? Sign up to receive the latest short interest report for Magna International and its competitors with MarketBeat's FREE newsletter. Email Address Skip Charts & View Short Interest HistoryShort InterestDays to CoverShort Percent of FloatMGA Short Interest Over TimeMGA Days to Cover Over TimeMGA Percentage of Float Shorted Over Time Ad Crypto Swap ProfitsDid You Get Your Free Bitcoin Yet?And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.>> Register right here Magna International Short Interest History Export to ExcelReport DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date 4/15/20249,070,000 shares $450.33 million -7.5%3.4%6.3 $49.65 3/31/20249,810,000 shares $534.45 million +14.7%3.7%7.4 $54.48 3/15/20248,550,000 shares $449.05 million -12.4%3.2%7 $52.52 2/29/20249,760,000 shares $538.12 million +1.0%3.6%8.2 $55.14 2/15/20249,660,000 shares $537.19 million +58.6%3.6%8.3 $55.61 1/31/20246,090,000 shares $346.28 million -5.1%2.3%5.4 $56.86 Get the Latest News and Ratings for MGA and Related StocksEnter your email address below to receive the latest news and analysts' ratings for Magna International and its competitors with MarketBeat's FREE daily newsletter. 1/15/20246,420,000 shares $356.37 million -0.6%2.4%5.7 $55.51 12/31/20236,460,000 shares $381.66 million -0.3%2.4%5.8 $59.08 12/15/20236,480,000 shares $367.09 million -24.9%2.4%5.9 $56.65 11/30/20238,630,000 shares $465.24 million -16.8%3.2%7.8 $53.91 11/15/202310,370,000 shares $579.68 million +40.9%3.9%9.4 $55.90 10/31/20237,360,000 shares $353.94 million +18.1%2.8%6.4 $48.09 10/15/20236,230,000 shares $325.27 million +5.1%2.3%5.7 $52.21 9/30/20235,930,000 shares $317.91 million +16.1%2.2%5.2 $53.61 9/15/20235,110,000 shares $292.55 million +11.1%1.9%4.5 $57.25 8/31/20234,600,000 shares $270.62 million -15.8%1.7%4.2 $58.83 8/15/20235,460,000 shares $310.07 million +30.0%2.0%4.9 $56.79 7/31/20234,200,000 shares $270.19 million +22.5%1.6%3.9 $64.33 7/15/20233,430,000 shares $202.75 million +16.3%1.3%3.3 $59.11 6/30/20232,950,000 shares $166.50 million -30.6%1.1%2.8 $56.44 6/15/20234,250,000 shares $241.19 million -30.2%1.6%4 $56.75 5/31/20236,090,000 shares $294.51 million -0.8%2.3%5.5 $48.36 5/15/20236,140,000 shares $328.24 million +14.8%2.3%5.3 $53.46 4/30/20235,350,000 shares $279.06 million +27.1%2.0%4.4 $52.16 4/15/20234,210,000 shares $228.81 million +24.9%1.6%3.5 $54.35 3/31/20233,370,000 shares $180.53 million -25.8%1.3%2.8 $53.57 3/15/20234,540,000 shares $230.00 million -7.0%1.7%3.7 $50.66 2/28/20234,880,000 shares $271.96 million +1.0%1.8%3.9 $55.73 2/15/20234,830,000 shares $273.38 million +22.3%1.8%3.9 $56.60 1/31/20233,950,000 shares $256.51 million +5.3%1.5%3.5 $64.94 1/15/20233,750,000 shares $240.26 million -10.3%1.4%3.3 $64.07 12/30/20224,180,000 shares $234.83 million +6.4%1.6%3.8 $56.18 12/15/20223,930,000 shares $228.29 million -0.8%1.5%3.4 $58.09 11/30/20223,960,000 shares $243.90 million -27.7%1.5%3.6 $61.59 11/15/20225,480,000 shares $347.54 million -0.5%2.0%5.1 $63.42 10/31/20225,510,000 shares $307.07 million +18.8%2.1%5.5 $55.73 10/15/20224,640,000 shares $226.76 million -4.3%1.7%4.7 $48.87 9/30/20224,850,000 shares $229.99 million +5.2%1.8%5 $47.42 9/15/20224,610,000 shares $255.99 million +19.4%1.7%4.9 $55.53 8/31/20223,860,000 shares $222.84 million -4.7%1.4%3.9 $57.73Have You Seen Elon’s New A.I. Device? (Picture Inside) (Ad)A strange new era for mankind is upon us... And it's all thanks to Elon Musk's latest creation. Click here to see this strange device you could be wearing some day. Elon believes A.I. is advancing so fast...This strange new device to protect us against that A.I. threat... MGA Short Interest - Frequently Asked Questions What is Magna International's current short interest? Short interest is the volume of Magna International shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 9,070,000 shares of MGA short. 3.38% of Magna International's shares are currently sold short. Learn More on Magna International's current short interest. What is a good short interest ratio for Magna International? 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. MGA shares currently have a short interest ratio of 6.0. Learn More on Magna International's short interest ratio. Which institutional investors are shorting Magna International? As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Magna International: Concourse Financial Group Securities Inc., Simplex Trading LLC, Asahi Life Asset Management CO. LTD., Dymon Asia Capital Singapore PTE. LTD., Concourse Financial Group Securities Inc., and Genus Capital Management Inc.. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission. What is a good short interest percentage for Magna International? Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 3.38% of Magna International's floating shares are currently sold short. Is Magna International's short interest increasing or decreasing? Magna International saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 9,070,000 shares, a decline of 7.5% from the previous total of 9,810,000 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. What is Magna International's float size? Magna International currently has issued a total of 287,280,000 shares. Some of Magna International's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Magna International currently has a public float of 268,530,000 shares. How does Magna International's short interest compare to its competitors? 3.38% of Magna International's shares are currently sold short. Here is how the short interest of companies in the sector of "auto/tires/trucks" compare to Magna International: Autoliv, Inc. (2.11%), Gentex Co. (1.71%), BorgWarner Inc. (6.15%), Lear Co. (5.13%), Allison Transmission Holdings, Inc. (1.19%), Modine Manufacturing (4.63%), LKQ Co. (1.35%), Rivian Automotive, Inc. (18.76%), Nio Inc - (10.83%), XPeng Inc. (5.33%), Which stocks are the most shorted right now? As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks. What does it mean to sell short Magna International stock? Short selling MGA is an investing strategy that aims to generate trading profit from Magna International as its price is falling. MGA shares are trading up $0.75 today. 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. How does a short squeeze work against Magna International? A short squeeze for Magna International 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 MGA, which in turn drives the price of the stock up even further. How often is Magna International'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 MGA, twice per month. The most recent reporting period available is April, 15 2024. More Short Interest Resources from MarketBeat Related Companies: Autoliv Short Interest Gentex Short Interest BorgWarner Short Interest Lear Short Interest Allison Transmission Short Interest Modine Manufacturing Short Interest LKQ Short Interest Rivian Automotive Short Interest NIO Short Interest XPeng Short Interest Short Interest Tools: Stocks to Short Largest Short Interest Positions Short Interest Increases Short Interest Decreases Short Interest Reporting Dates This page (NYSE:MGA) was last updated on 5/2/2024 by MarketBeat.com Staff From Our PartnersUrgent Nvidia WarningAltimetryA.I. is a Tidal Wave - Here’s What to BuyChaikin AnalyticsTruth about Trump you’ve never heardPorter & CompanyHe Is Giving Away BitcoinCrypto Swap ProfitsThe Best AI Stock to Own in the World Today is Trading for Just $25Banyan Hill PublishingThe A.I. story nobody is telling you (Read ASAP)TradeSmithAI “wealth window” is closing June 25thParadigm Press4 Cryptos BETTER than BitcoinTrue Market Insiders