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Magna International (MGA) Short Interest Ratio & Short Volume

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$42.65 -0.13 (-0.30%)
(As of 11/20/2024 ET)

Magna International Short Interest Data

Magna International (MGA) has a short interest of 7.92 million shares, representing 2.95% of the float (the number of shares available for trading by the public). This marks a 8.05% increase in short interest from the previous month. The short interest ratio (days to cover) is 5.4, indicating that it would take 5.4 days of the average trading volume of 1.78 million shares to cover all short positions.

Current Short Interest
7,920,000 shares
Previous Short Interest
7,330,000 shares
Change Vs. Previous Month
+8.05%
Dollar Volume Sold Short
$312.60 million
Short Interest Ratio
5.4 Days to Cover
Last Record Date
October 31, 2024
Outstanding Shares
287,330,000 shares
Float Size
268,380,000 shares
Short Percent of Float
2.95%
Today's Trading Volume
1,339,259 shares
Average Trading Volume
1,776,314 shares
Today's Volume Vs. Average
75%
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MGA Short Interest Over Time

MGA Days to Cover Over Time

MGA Percentage of Float Shorted Over Time

Magna International Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
10/31/20247,920,000 shares $312.60 million +8.1%3.0%5.4 $39.47
10/15/20247,330,000 shares $300.82 million -5.3%2.7%4.5 $41.04
9/30/20247,740,000 shares $317.61 million +0.8%2.9%4.7 $41.04
9/15/20247,680,000 shares $308.74 million -21.8%2.9%4.8 $40.20
8/31/20249,820,000 shares $412.73 million -31.6%3.7%6.2 $42.03
8/15/202414,360,000 shares $585.74 million +25.6%5.4%8.3 $40.79
7/31/202411,430,000 shares $507.15 million +49.2%4.3%6 $44.37
7/15/20247,660,000 shares $340.56 million +3.7%2.9%4.1 $44.46
6/30/20247,390,000 shares $309.64 million +2.4%2.8%4 $41.90
6/15/20247,220,000 shares $304.61 million -19.2%2.7%3.7 $42.19
5/31/20248,940,000 shares $404.45 million -24.5%3.3%4.7 $45.24
5/15/202411,840,000 shares $569.62 million +23.6%4.4%6.5 $48.11
4/30/20249,580,000 shares $458.02 million +5.6%3.6%6 $47.81
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
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
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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 $57.73
8/15/20224,050,000 shares $261.06 million -0.5%1.5%4 $64.46
7/31/20224,070,000 shares $259.91 million +2.5%1.5%3.7 $63.86
7/15/20223,970,000 shares $222.00 million -5.5%1.5%3.5 $55.92
6/30/20224,200,000 shares $230.58 million +31.7%1.6%3.6 $54.90
6/15/20223,190,000 shares $190.12 million -20.7%1.2%2.6 $59.60
5/31/20224,020,000 shares $260.98 million +6.4%1.5%2.9 $64.92
5/15/20223,780,000 shares $228.92 million +8.3%1.4%2.3 $60.56
4/30/20223,490,000 shares $210.34 million +39.6%1.3%2.1 $60.27
4/15/20222,500,000 shares $151.83 million -19.4%0.9%1.5 $60.73
3/31/20223,100,000 shares $199.36 million +16.1%1.1%1.8 $64.31
3/15/20222,670,000 shares $155.74 million +60.8%1.0%1.6 $58.33
2/28/20221,660,000 shares $123.29 million -24.9%0.6%1.1 $74.27
2/15/20222,210,000 shares $176.05 million -3.1%0.8%1.7 $79.66
1/31/20222,280,000 shares $183.79 million +96.6%0.8%1.7 $80.61
1/15/20221,160,000 shares $103.27 million +21.3%0.4%0.9 $89.03
12/31/2021956,400 shares $77.41 million +16.4%0.3%0.8 $80.94
12/15/2021821,500 shares $63.83 million -35.3%0.3%0.6 $77.70
11/30/20211,270,000 shares $95.55 million -5.2%0.5%1 $75.24
11/15/20211,340,000 shares $118.66 million -38.8%0.5%1.1 $88.55
10/29/20212,190,000 shares $178.05 million +23.7%0.8%1.8 $81.30
10/15/20211,770,000 shares $152.43 million -13.2%0.6%1.4 $86.12
9/30/20212,040,000 shares $153.49 million +21.4%0.7%1.6 $75.24
9/15/20211,680,000 shares $134.92 million +100.6%0.6%1.3 $80.31
8/31/2021837,500 shares $66.09 million -23.9%0.3%0.6 $78.91
8/13/20211,100,000 shares $94.53 million No Change0.4%0.8 $85.94
7/15/20211,690,000 shares $147.72 million -4.0%0.6%1.2 $87.41
6/30/20211,760,000 shares $163.05 million +1.7%0.6%1.3 $92.64
6/15/20211,730,000 shares $166.77 million -16.4%0.6%1.2 $96.40
5/28/20212,070,000 shares $208.22 million No Change0.7%1.5 $100.59
5/14/20212,070,000 shares $196.30 million +2.5%0.7%1.4 $94.83
4/30/20212,020,000 shares $193.96 million +32.0%0.7%1.3 $96.02
4/15/20211,530,000 shares $143.74 million +16.8%0.6%1 $93.95
3/31/20211,310,000 shares $116.26 million -17.1%0.5%0.9 $88.75
3/15/20211,580,000 shares $146.81 million +0.6%0.6%0.9 $92.92
2/26/20211,570,000 shares $129.23 million -8.2%0.6%1 $82.31
2/12/20211,710,000 shares $132.64 million +8.2%0.6%1.2 $77.57
1/29/20211,580,000 shares $113.90 million -10.2%0.6%1.2 $72.09
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1/15/20211,760,000 shares $130.98 million -6.9%0.6%1.4 $74.42
12/31/20201,890,000 shares $135.99 million +21.9%0.7%1.5 $71.95
12/15/20201,550,000 shares $96.44 million +16.5%0.6%1.5 $62.22
11/30/20201,330,000 shares $82.13 million -42.4%0.5%1.4 $61.75
11/15/20202,310,000 shares $137.61 million +1.3%0.8%2.4 $59.57
10/30/20202,280,000 shares $117.10 million -25.0%0.8%2.4 $51.36
10/15/20203,040,000 shares $158.08 million +7.0%1.1%3.5 $52.00
9/30/20202,840,000 shares $129.93 million -8.4%1.0%3.4 $45.75
9/15/20203,100,000 shares $151.56 million -7.2%1.1%3.8 $48.89
8/31/20203,340,000 shares $162.36 million -8.5%1.2%4.1 $48.61
8/14/20203,650,000 shares $191.73 million +21.3%1.3%4.1 $52.53
7/31/20203,010,000 shares $138.97 million -16.4%1.1%3.3 $46.17
7/15/20203,600,000 shares $167.69 million +18.0%1.3%3.7 $46.58
6/30/20203,050,000 shares $133.65 million +15.1%1.1%2.9 $43.82
6/15/20202,650,000 shares $117.42 million +15.7%1.0%2.2 $44.31
5/29/20202,290,000 shares $96.59 million -1.7%0.8%1.6 $42.18
5/15/20202,330,000 shares $85.79 million -22.9%0.9%1.6 $36.82
4/30/20203,020,000 shares $117.87 million +3.1%1.1%2.1 $39.03
4/15/20202,930,000 shares $101.91 million +96.6%1.1%2.2 $34.78
3/31/20201,490,000 shares $52.43 million -26.3%0.5%1.2 $35.19
3/13/20202,022,800 shares $74.24 million -6.4%0.7%2.5 $36.70
2/28/20202,160,000 shares $52.32 million -15.6%0.8%2.7 $24.22
2/14/20202,560,000 shares $106.34 million -20.5%0.9%3.8 $41.54
1/31/20203,220,000 shares $150.82 million +53.3%1.1%4.7 $46.84
1/15/20202,100,000 shares $109.37 million +8.3%0.7%3 $52.08
12/31/20191,940,000 shares $102.63 million -16.4%0.7%2.7 $52.90

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 October 31st, investors have sold 7,920,000 shares of MGA short. 2.95% 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 5.0. 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: Jane Street Group LLC, Wolverine Trading LLC, Murchinson Ltd., Walleye Trading LLC, Walleye Capital LLC, PEAK6 Investments LLC, and Bank of Montreal Can. 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. 2.95% of Magna International's floating shares are currently sold short.

Is Magna International's short interest increasing or decreasing?

Magna International saw a increase in short interest in October. As of October 31st, there was short interest totaling 7,920,000 shares, an increase of 8.0% from the previous total of 7,330,000 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 287,330,000 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 268,380,000 shares.

How does Magna International's short interest compare to its competitors?

2.95% of Magna International's shares are currently sold short. Here is how the short interest of companies in the industry of "automobiles and trucks" compare to Magna International: Stellantis (1.02%), Li Auto Inc. (2.61%), XPeng Inc. (3.81%), Rivian Automotive, Inc. (18.49%), Autoliv, Inc. (2.02%), Lucid Group, Inc. (44.04%), Icahn Enterprises L.P. (2.32%), ZEEKR Intelligent Technology Holding Limited (0.76%), Atmus Filtration Technologies Inc. (3.10%), BRP Inc. (7.45%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.08 billion), AppLovin Co. ($3.18 billion), Paychex, Inc. ($2.64 billion), Nu Holdings Ltd. ($2.54 billion), International Paper ($2.46 billion), Cencora, Inc. ($2.27 billion), Moderna, Inc. ($1.87 billion), SoFi Technologies, Inc. ($1.81 billion), Lululemon Athletica Inc. ($1.75 billion), and Onsemi ($1.71 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 down $0.13 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 increases 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 October, 31 2024.




This page (NYSE:MGA) was last updated on 11/21/2024 by MarketBeat.com Staff
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