MGIC Investment Corp. (MTG)

[tommiegun54]

SHORT INTEREST HOLDERS OF MTG ARE LOSING $3-$5/SHARE AS THEY REPAY BROKERS

IN JUNE 2020 SHORT INTEREST WAS 15 MILLION AND MTG WAS $7-$9 SHARE, SO SHORTS BORROWED SHARES THEN. NOW MTG IS $12 REPRESENTING A LOSS OF UP TP $5/SHARE.

SHORT INTEREST HOLDERS BUYING BACK MTG SHARES TO REDUCE EXPOSURE AS MTG SHARES CONTINUES TO RISE

MTG PRICE SEPT 15, 2020 $8.75 - FEB 25, $12.11

Short interest SEPT 15, 2020 $18.4 million

SHORT INTEREST HISTORY

SHORT INTEREST AS OF 2/14/21 27.540,000
1/29/2021 28,750,000 shares $359.66 million -4.9% 8.6% 5.5 $12.51
1/15/2021 30,230,000 shares $372.13 million +1.0% 9.1% 5.6 $12.31
12/31/2020 33,200,000 shares $441.89 million -2.0% 10.0% 6.2 $13.31
12/15/2020 33,200,000 shares $407.70 million -2.0% 10.0% 6.2 $12.28
11/30/2020 33,860,000 shares $418.17 million +16.4% 10.2% 6 $12.35
11/15/2020 29,100,000 shares $348.04 million +31.6% 8.7% 5.2 $11.96
10/30/2020 22,120,000 shares $248.63 million +6.4% 6.6% 4.8 $11.24
10/15/2020 20,800,000 shares $208.62 million +14.7% 6.2% 5.2 $10.03
9/30/2020 18,130,000 shares $191.63 million -1.4% 5.4% 4.4 $10.57
9/15/2020 18,390,000 shares $157.42 million

Chart shows that short interest peaked in late November 2020 and short interest holders have made an effort to reduce exposure since then, as MTG SHARES INCREASE MONTHLY.