Magyar Bancorp, Inc. (NASDAQ:MGYR) Sees Significant Increase in Short Interest

Magyar Bancorp, Inc. (NASDAQ:MGYR - Get Free Report) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 5,400 shares, a growth of 54.3% from the October 31st total of 3,500 shares. Based on an average trading volume of 3,700 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.1% of the company's shares are short sold.