• Home
  • Finance
  • Magyar Bancorp, Inc. (NASDAQ: MGYR) Short interest up 23.7% in November

Magyar Bancorp, Inc. (NASDAQ: MGYR) Short interest up 23.7% in November

By on December 19, 2021 0

Magyar Bancorp, Inc. (NASDAQ: MGYR) was the target of a significant increase in short interest during the month of November. As of November 30, there was short interest totaling 11,500 shares, an increase of 23.7% from the total of 9,300 shares as of November 15. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 10,900 shares, the day / hedge ratio is currently 1.1 days.

Hedge funds recently changed their positions in the title. Morgan Stanley increased its position in Magyar Bancorp by 342.6% during the 3rd quarter. Morgan Stanley now owns 2,213 shares of the bank valued at $ 25,000 after purchasing an additional 1,713 shares in the last quarter. BlackRock Inc. increased its position in Magyar Bancorp by 45.9% during the 3rd quarter. BlackRock Inc. now owns 9,031 shares of the bank valued at $ 104,000 after purchasing an additional 2,840 shares in the last quarter. BHZ Capital Management LP purchased a new stake in Magyar Bancorp during the 3rd quarter for a value of approximately $ 135,000. Renaissance Technologies LLC purchased a new stake in Magyar Bancorp during the 3rd quarter for a value of approximately $ 226,000. Finally, First Manhattan Co. strengthened its position in Magyar Bancorp by 22.1% during the 3rd quarter. First Manhattan Co. now owns 28,015 shares of the bank valued at $ 320,000 after purchasing an additional 5,076 shares in the last quarter. 9.97% of the shares are currently held by institutional investors.

MGYR shares opened at $ 12.33 on Friday. The stock has a market cap of $ 87.52 million, a PE ratio of 12.21 and a beta of 0.25. The company has a debt ratio of 0.51, a rapid ratio of 0.99, and a current ratio of 0.99. Magyar Bancorp has a fifty-two week low of $ 9.07 and a fifty-two week high of $ 15.05. The company’s 50-day simple moving average is $ 11.81 and its two-hundred-day simple moving average is $ 11.86.

(A d)

It could be the highest grossing event in crypto history. And that only happens once. If you miss it, there is no second chance.

Magyar Bancorp (NASDAQ: MGYR) last reported its quarterly results on Wednesday, November 3. The bank reported earnings of $ 0.23 per share for the quarter. Magyar Bancorp had a net margin of 19.17% and a return on equity of 10.26%. The company reported sales of $ 7.23 million for the quarter.

The company also recently disclosed a dividend, which was paid on Tuesday, December 14. Investors of record on Tuesday, November 30, received a dividend of $ 0.12 per share. The ex-dividend date was Monday, November 29.

About Magyar Bancorp

Magyar Bancorp, Inc is a banking holding company. The company engages in the provision of financial services. It offers commercial and retail financial services, including time-taking, savings and demand deposits; providing commercial, consumer and home equity loans; and the provision of other financial services.

See also: Dividend

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Magyar Bancorp now?

Before you consider Magyar Bancorp, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the wider market takes hold … and Magyar Bancorp was not on the list.

While Magyar Bancorp currently has an “N / A” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


Source link