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First Week of June 19th Options Trading For MannKind (MNKD)
Thursday, April 23, 11:21 AM ET, by Market News Video Staff

Investors in MannKind Corp (MNKD) saw new options become available this week, for the June ...

MNKD July 2nd Options Begin Trading
Thursday, May 21, 11:13 AM ET, by Market News Video Staff

Investors in MannKind Corp (MNKD) saw new options become available today, for the July 2nd ...

Notable Wednesday Option Activity: PLNT, AYX, MNKD
Wednesday, June 17, 3:19 PM ET, by Market News Video Staff

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...

First Week of MNKD February 2021 Options Trading
Friday, June 19, 11:05 AM ET, by Market News Video Staff

Investors in MannKind Corp (MNKD) saw new options begin trading this week, for the February ...

MNKD September 25th Options Begin Trading
Thursday, August 6, 11:56 AM ET, by Market News Video Staff

Investors in MannKind Corp (MNKD) saw new options become available today, for the September 25th ...

MannKind Stock Sees Short Interest Expand By 10.2%

By Market News Video Staff, Tuesday, July 3, 12:28 PM ET
Play Video: What Short Interest Means


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The most recent short interest data has been released for the 06/15/2018 settlement date, which shows a 2,549,145 share increase in total short interest for MannKind Corp (NASDAQ:MNKD), to 27,668,055, an increase of 10.15% since 06/15/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for MNKD at the 06/15/2018 settlement decreased to 2,197,215, as compared to 2,390,173 at the 06/15/2017 report. That brought "days to cover" up to 12.59, a 19.82% increase from the 10.51 days to cover calculated at the previous short interest data release.

The below chart shows the historical "days to cover" for MNKD at previous short interest release dates:

An increased "days to cover" value could indicate that short sellers are using the stock to hedge a long bet elsewhere, or could also mean that short sellers believe the stock will decline in price. When short sellers eventually cover their positions, by definition there must be buying activity because a share that is currently sold short must be purchased to be covered. So investors tend to keep an eye on that "days to cover" metric, because a high value could predict a sharper price increase should the company put out some unexpectedly good news short sellers might then rush to cover their positions, and if the "days to cover" number is high, it would then be more difficult to close those positions without sending the stock higher (until the higher price produces enough sellers to generate the necessary volume the short sellers need to close their positions).

The chart below shows the one year performance of MNKD shares, versus its 200 day moving average. Looking at this chart, MNKD's low point in its 52 week range is $1.085 per share, with $6.96 as the 52 week high point that compares with a last trade of $1.89.

MannKind Corp Chart


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MannKind Stock Sees Short Interest Expand By 10.2% | Market News Video | Copyright © 2008 - 2021, All Rights Reserved

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