--- title: "Short Interest in Mega Fortune Company Limited (NASDAQ:MGRT) Decreases By 16.1%" type: "News" locale: "en" url: "https://longbridge.com/en/news/283230316.md" description: "Mega Fortune Company Limited (NASDAQ:MGRT) experienced a 16.1% decrease in short interest in March, with total short interest dropping to 36,543 shares as of March 31. The days-to-cover ratio is currently 2.7 days, with 0.3% of the company's stock sold short. The stock price rose 10.4% to $116.16 during trading, with a 12-month range of $1.50 to $170.00. Analysts have rated the stock as a 'Sell', with one upgrade to 'Hold'." datetime: "2026-04-18T17:08:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283230316.md) - [en](https://longbridge.com/en/news/283230316.md) - [zh-HK](https://longbridge.com/zh-HK/news/283230316.md) --- # Short Interest in Mega Fortune Company Limited (NASDAQ:MGRT) Decreases By 16.1% Mega Fortune Company Limited (NASDAQ:MGRT - Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 36,543 shares, a decrease of 16.1% from the March 15th total of 43,567 shares. Currently, 0.3% of the company's shares are short sold. Based on an average trading volume of 13,485 shares, the days-to-cover ratio is currently 2.7 days. ## Mega Fortune Stock Up 10.4% Shares of NASDAQ:MGRT traded up $10.90 during mid-day trading on Friday, hitting $116.16. The stock had a trading volume of 72,287 shares, compared to its average volume of 183,182. Mega Fortune has a 12-month low of $1.50 and a 12-month high of $170.00. The company's 50 day moving average is $18.32 and its 200-day moving average is $10.34. Mega Fortune (NASDAQ:MGRT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.04 EPS for the quarter. ## Analyst Ratings Changes Separately, Wall Street Zen upgraded shares of Mega Fortune to a "hold" rating in a research report on Saturday, December 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of "Sell". **View Our Latest Stock Analysis on MGRT** ## Mega Fortune Company Profile (Get Free Report) We are a holding company incorporated as an exempted company with limited liability in the Cayman Islands. Our ordinary shares offered in this prospectus are shares of our Cayman Islands holding company. As a holding company with no material operations of our own, we conduct our business through our operating subsidiary in Hong Kong. We own 100% equity interest of all our subsidiaries and do not have a variable interest entity, or VIE, structure. We are an Internet of Things (“IoT”) solution provider in Hong Kong. ## Recommended Stories - Five stocks we like better than Mega Fortune _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Mega Fortune Right Now? Before you consider Mega Fortune, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mega Fortune wasn't on the list. While Mega Fortune currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [MGRT.US](https://longbridge.com/en/quote/MGRT.US.md) ## Related News & Research - [Mega Fortune Company Limited (NASDAQ:MGRT) Short Interest Update](https://longbridge.com/en/news/276983047.md) - [Warren Buffett’s Berkshire Hathaway Dumped 16 Stocks in Q1, But the Chevron Sale Was the Largest](https://longbridge.com/en/news/286904279.md) - [The SpaceX IPO is coming June 12. Here’s why you shouldn’t rush in to buy](https://longbridge.com/en/news/286651424.md) - [Is Hims and Hers Health stock a buy after its latest dip?](https://longbridge.com/en/news/286450228.md) - [Trump tells Fortune on Intel stake: 'should have asked for more'](https://longbridge.com/en/news/286743883.md)