Magyar Bancorp, Inc. (NASDAQ:MGYR) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 4,500 shares, a decrease of 50.5% from the September 15th total of 9,100 shares. Based on an average trading volume of 30,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are short sold.
An institutional investor recently bought a new position in Magyar Bancorp stock. RMR Wealth Builders purchased a new position in shares of Magyar Bancorp, Inc. (NASDAQ:MGYR) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,000 shares of the bank’s stock, valued at approximately $28,000. 9.41% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:MGYR opened at $11.53 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.51. Magyar Bancorp has a 52-week low of $8.06 and a 52-week high of $15.05. The stock’s fifty day simple moving average is $10.83 and its 200-day simple moving average is $12.31. The company has a market capitalization of $81.86 million, a P/E ratio of 12.85 and a beta of 0.27.
Magyar Bancorp Company Profile
Magyar Bancorp, Inc is a bank holding company. The firm engages in the provision of financial services. It offers commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and home equity loans; and the provision of other financial services.
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