Key Highlights

  • Megan Holdings closed up 4.46% at $3.98 while Class A short interest stood at 89.25%.
  • The stock outperformed peers Agroz and Founder Group, whose median move was smaller.
  • Trailing-twelve-month Revenue was $4.90 million, down 62.9% year over year, with a 1.6% gross margin.

Megan Holdings (NASDAQ:MGN) closed up 4.46% at $3.98 while Class A short interest stood at 89.25%. No company-specific announcement accompanied this move; the session reads as flow-driven. The move put the stock's latest price action alongside an unusually high level of reported short interest, making the session notable beyond the percentage gain alone. Short interest matters because it shows how much of the Class A stock was positioned for a decline, while a rising share price moves against that positioning.

Short Interest Reaches 89.25% as MGN Rallies

Class A short interest was reported at 89.25%, giving the rally a clear short-interest backdrop. MGN's Market Value was about $5 million, so the advance occurred in a relatively small market-value setting. The stock also outperformed peers Agroz and Founder Group in the live peer comparison, a gap that makes MGN's performance look more company-specific than a broad move affecting the comparison group.

MGN Technical Indicators

MGN traded above its 20-day Moving Average of $4.21 and its 50-day average of $3.52, while remaining below its 200-day moving average of $27.57. RSI was 51.9. MACD was 0.11, below its signal line at 0.19. ADX was 56.6, supplying a measure of trend strength without identifying direction. The first support level was $0.96 and the first resistance level was $7.73.

$5 Million Market Value Meets Weak Revenue Trend

Megan Holdings had a market Capitalization of about $5 million, while trailing-twelve-month revenue was $4.90 million, down 62.9% year over year. The trailing P/E was 84.5, the price-to-sales ratio was 0.7, and the Price-to-Book Ratio was 1.4. Profitability was limited, with a gross Margin of 1.6%, an Operating Margin of 0.6%, and a net margin of 1.0%. Return on Equity was 0.9%. The Debt-to-Equity Ratio was 0.01, and Megan Holdings had 4 employees.

MGN Performance Metrics

Megan Holdings was down sharply year-to-date and over the past month despite the latest advance, placing the daily gain within a much weaker recent performance record. Its 52-week range was exceptionally wide. Short interest was reported at 89.25%, so the performance record also sits alongside a substantial reported short position in Class A stock.

Peers Moving on This News