MGN (NASDAQ:MGN – Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 673,609 shares, a drop of 59.8% from the April 15th total of 1,674,622 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average trading volume of 1,180,157 shares, the short-interest ratio is presently 0.6 days.
MGN Stock Performance
MGN traded up $0.01 during midday trading on Thursday, reaching $0.17. 1,892,068 shares of the company were exchanged, compared to its average volume of 8,256,062. MGN has a one year low of $0.13 and a one year high of $8.63.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings started coverage on MGN in a report on Tuesday, March 17th. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.
About MGN
Megan Holdings is a company principally engaged in the development, construction and maintenance of aquaculture farms and related works. Megan Holdings is based in Malaysia.
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