Magnegas Applied Tchnlgy Sltns Inc (MNGA) Short Interest Down 49.0% in January

Magnegas Applied Tchnlgy Sltns Inc (NASDAQ:MNGA) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 2,129,074 shares, a drop of 49.0% from the January 15th total of 4,174,812 shares. Approximately 27.7% of the company’s stock are sold short. Based on an average daily volume of 19,986,941 shares, the short-interest ratio is currently 0.1 days.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $1.50 target price on shares of Magnegas Applied Tchnlgy Sltns in a research note on Thursday, November 15th.

Shares of NASDAQ MNGA opened at $0.97 on Tuesday. Magnegas Applied Tchnlgy Sltns has a fifty-two week low of $0.88 and a fifty-two week high of $35.00. The company has a quick ratio of 1.40, a current ratio of 1.97 and a debt-to-equity ratio of 0.04.

Magnegas Applied Tchnlgy Sltns (NASDAQ:MNGA) last announced its earnings results on Wednesday, November 14th. The oil and gas company reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. Magnegas Applied Tchnlgy Sltns had a negative net margin of 182.04% and a negative return on equity of 98.33%. The business had revenue of $2.60 million during the quarter, compared to the consensus estimate of $3.13 million. Equities research analysts expect that Magnegas Applied Tchnlgy Sltns will post -10.4 EPS for the current fiscal year.

WARNING: “Magnegas Applied Tchnlgy Sltns Inc (MNGA) Short Interest Down 49.0% in January” was reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this piece of content can be viewed at

About Magnegas Applied Tchnlgy Sltns

MagneGas Applied Technology Solutions, Inc, an alternative energy company, creates and produces hydrogen based fuel through the gasification of liquid and liquid waste in the United States and internationally. The company offers MagneGas2, a hydrogen-based fuel for metal cutting as an alternative to acetylene.

Featured Story: What is an Initial Public Offering (IPO)?

Receive News & Ratings for Magnegas Applied Tchnlgy Sltns Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Magnegas Applied Tchnlgy Sltns and related companies with's FREE daily email newsletter.

Leave a Reply