MGN (NASDAQ:MGN – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 84,064 shares, an increase of 468.7% from the October 15th total of 14,781 shares. Currently, 7.9% of the company’s shares are short sold. Based on an average trading volume of 174,364 shares, the short-interest ratio is currently 0.5 days.
MGN Price Performance
NASDAQ MGN traded down $0.04 on Wednesday, reaching $3.37. The company had a trading volume of 3,310 shares, compared to its average volume of 592,773. The company’s fifty day moving average is $14.54 and its 200-day moving average is $10,935.16. MGN has a 1-year low of $1.67 and a 1-year high of $155.40.
MGN (NASDAQ:MGN – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The company reported ($21.08) earnings per share (EPS) for the quarter. The business had revenue of $1.56 million during the quarter.
Analyst Ratings Changes
Several equities research analysts have issued reports on the company. Weiss Ratings upgraded MGN from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, October 2nd. Wall Street Zen cut MGN from a “sell” rating to a “strong sell” rating in a report on Sunday, October 4th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Report on MGN
MGN Company Profile
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.
See Also
- Five stocks we like better than MGN
- Alphabet Escalates AI Chip Rivalry With NVIDIA
- Amazon’s Rally Is Outpacing Big Tech, But Can AWS Justify the AI Spending?
- 3 Stocks Wall Street Likes More Than the Market Does
- Anthropic’s Trillion-Dollar IPO Could Give Cloud Giants a Double Win
Receive News & Ratings for MGN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MGN and related companies with MarketBeat.com's FREE daily email newsletter.
