Could Magal Security Systems Limited (NASDAQ:MAGS) Go Down After Its Newest Short Interest Report?

February 15, 2018 - By Winifred Garcia

 Could Magal Security Systems Limited (NASDAQ:MAGS) Go Down After Its Newest Short Interest Report?

The stock of Magal Security Systems Limited (NASDAQ:MAGS) registered a decrease of 10.49% in short interest. MAGS’s total short interest was 165,600 shares in February as published by FINRA. Its down 10.49% from 185,000 shares, reported previously. With 40,100 shares average volume, it will take short sellers 4 days to cover their MAGS’s short positions. The short interest to Magal Security Systems Limited’s float is 1.27%.

The stock increased 0.49% or $0.03 during the last trading session, reaching $6.15. About 5,043 shares traded. Magal Security Systems Ltd. (NASDAQ:MAGS) has risen 33.26% since February 15, 2017 and is uptrending. It has outperformed by 16.56% the S&P500.

Magal Security Systems Ltd. develops, makes, markets, and sells perimeter intrusion detection sensors, physical barriers, video analytics and video management systems, and cyber security products and systems worldwide. The company has market cap of $141.53 million. It operates through three divisions: Perimeter Products, Turnkey Projects, and Video and Cyber Security. It currently has negative earnings. The firm offers perimeter security products that enable clients to monitor, limit, and control access by unauthorized personnel to specific regions or areas.

More notable recent Magal Security Systems Ltd. (NASDAQ:MAGS) news were published by: Prnewswire.com which released: “Magal Security Systems Ltd. Reports First Quarter 2017 Financial Results” on May 30, 2017, also Latimes.com with their article: “Israeli firm says it’s ready to build Trump’s border wall” published on August 02, 2016, Prnewswire.com published: “Magal Security Systems Ltd. Reports Second Quarter 2017 Financial Results” on August 31, 2017. More interesting news about Magal Security Systems Ltd. (NASDAQ:MAGS) were released by: Prnewswire.com and their article: “Magal Security Systems Ltd. Reports Third Quarter 2017 Financial Results” published on November 16, 2017 as well as Quotes.Wsj.com‘s news article titled: “Magal Security Systems Ltd. MAGS (US: Nasdaq)” with publication date: February 11, 2011.

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