MGN (NASDAQ:MGN – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 669,792 shares, an increase of 182.0% from the August 15th total of 237,476 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily trading volume, of 14,563,290 shares, the short-interest ratio is currently 0.0 days.
MGN Price Performance
Shares of NASDAQ:MGN traded up $0.01 during trading on Monday, hitting $0.18. 4,737,187 shares of the stock were exchanged, compared to its average volume of 16,340,299. The company has a fifty day simple moving average of $112.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.05 and a quick ratio of 2.05. MGN has a 12-month low of $0.15 and a 12-month high of $345.20.
MGN’s stock is scheduled to reverse split before the market opens on Thursday, September 17th. The 1-30 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, September 16th.
Analysts Set New Price Targets
View Our Latest Stock Report on MGN
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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