Magyar Bancorp (MGYR) Short Interest Ratio & Short Volume

Short interest is the volume of Magyar Bancorp shares that have been sold short but have not yet been closed out or covered. As of May 15th, traders have sold 2,500 shares of MGYR short. 0.05% of Magyar Bancorp's shares are currently sold short. Learn More on Magyar Bancorp's current short interest.

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. 0.05% of Magyar Bancorp's floating shares are currently sold short.

Magyar Bancorp saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,500 shares, a drop of 19.4% from the previous total of 3,100 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.

Magyar Bancorp currently has issued a total of 6,590,000 shares. Some of Magyar Bancorp'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. Magyar Bancorp currently has a public float of 5,390,000 shares.

0.05% of Magyar Bancorp's shares are currently sold short. Here is how the short interest of companies in the industry of "federal savings institutions" compare to Magyar Bancorp: Lake Shore Bancorp, Inc. (0.19%), Sterling Bancorp (1.00%), Waterstone Financial, Inc. (1.16%), Ponce Financial Group, Inc. (0.50%), Codorus Valley Bancorp, Inc. (0.24%), BCB Bancorp, Inc. (0.56%), Western New England Bancorp, Inc. (0.49%), First Guaranty Bancshares, Inc. (2.39%), BV Financial, Inc. (0.43%), Citizens Community Bancorp, Inc. (1.04%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling MGYR is an investing strategy that aims to generate trading profit from Magyar Bancorp as its price is falling. MGYR shares are trading down $0.06 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.

A short squeeze for Magyar Bancorp 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 MGYR, 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 MGYR, twice per month. The most recent reporting period available is May, 15 2024.