Ultrack Systems (MJLB) Short Interest Ratio & Short Volume

Short interest is the volume of Ultrack Systems shares that have been sold short but have not yet been covered or closed out. As of November 30th, investors have sold 19,700 shares of MJLB short. Learn More on Ultrack Systems' current short interest.

Ultrack Systems saw a drop in short interest during the month of November. As of November 30th, there was short interest totaling 19,700 shares, a drop of 1.5% from the previous total of 20,000 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.

Here is how the short interest of companies in the industry of "cannabis" compare to Ultrack Systems: Innovative Industrial Properties, Inc. (4.98%), 22nd Century Group, Inc. (0.73%), GrowGeneration Corp. (6.55%), Grow Capital, Inc. (0.00%), Net Savings Link, Inc. (0.00%), Trees Co. (0.03%), Pervasip Corp. (0.07%), Leafbuyer Technologies, Inc. (0.01%), and Mentor Capital, Inc. (0.00%).

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.70 billion), Charter Communications, Inc. ($4.55 billion), Spotify Technology S.A. ($3.84 billion), Royal Caribbean Cruises Ltd. ($3.07 billion), International Paper ($3.00 billion), Coinbase Global, Inc. ($2.93 billion), Cencora, Inc. ($2.54 billion), Paychex, Inc. ($2.53 billion), SoFi Technologies, Inc. ($2.24 billion), and Reddit, Inc. ($2.00 billion). View all of the most shorted stocks.

Short selling MJLB is an investing strategy that aims to generate trading profit from Ultrack Systems as its price is falling. MJLB shares are trading up $0.00 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 Ultrack Systems 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 MJLB, 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 MJLB, twice per month. The most recent reporting period available is November, 30 2024.