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MEI Makes Bullish Cross Above Critical Moving Average
Wednesday, June 27, 11:00 AM ET, by Market News Video Staff

In trading on Wednesday, shares of Methode Electronics Inc (MEI) crossed above their 200 day ...

Short Interest Makes 22.8% Move For MEI
Tuesday, July 3, 11:07 AM ET, by Market News Video Staff

The most recent short interest data has been released for the 06/15/2018 settlement date, which ...

Ex-Dividend Reminder: Methode Electronics, Raven Industries and Trinity Industries
Tuesday, July 10, 10:10 AM ET, by Market News Video Staff

On 7/12/18, Methode Electronics Inc (MEI), Raven Industries, Inc. (RAVN), and Trinity Industries, Inc.. ...

Commit To Buy Methode Electronics At $35, Earn 8.5% Annualized Using Options
Friday, August 17, 12:01 PM ET, by Market News Video Staff

Investors considering a purchase of Methode Electronics Inc (MEI) stock, but cautious about paying the ...

Methode Electronics Breaks Above 200-Day Moving Average - Bullish for MEI
Tuesday, August 21, 3:59 PM ET, by Market News Video Staff

In trading on Tuesday, shares of Methode Electronics Inc (MEI) crossed above their 200 day ...

Methode Electronics Stock Sees Short Interest Drop 20.7%

By Market News Video Staff, Wednesday, March 27, 11:44 AM ET
Play Video: What Short Interest Means


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The most recent short interest data has been released for the 03/15/2019 settlement date, which shows a 251,002 share decrease in total short interest for Methode Electronics Inc (NYSE:MEI), to 961,429, a decrease of 20.70% since 02/28/2019. 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 MEI at the 03/15/2019 settlement increased to 397,384, as compared to 156,217 at the 02/28/2019 report. That brought "days to cover" down to 2.42, a 68.83% decrease from the 7.76 days to cover calculated at the previous short interest data release.

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

A decreased "days to cover" value could indicate that short sellers are no longer expecting the same decline in stock price they once were, or it could also indicate a long bet elsewhere was closed where MEI had been shorted as a hedge.

The chart below shows the one year performance of MEI shares, versus its 200 day moving average. Looking at this chart, MEI's low point in its 52 week range is $20.991 per share, with $45.45 as the 52 week high point that compares with a last trade of $27.68.

Methode Electronics Inc Chart


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Methode Electronics Stock Sees Short Interest Drop 20.7% | Market News Video | Copyright © 2008 - 2019, All Rights Reserved

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