MAC is on the hedge funds' most shorted stocks list. The other contenders are already in cover territory for the most part, MAC is relatively undervalued compared to the rest and has high potential to be a long term hold as a dividend producing REIT as well.
With a huge short interest at 57.39% of float, any squeezes on this will be gigantic. Daily volume being relatively low, any volume jumps can cause large price movements. I have laid out rough FIBs that I like here and my final PT is $49 with partials at $30 and $40.
With a huge short interest at 57.39% of float, any squeezes on this will be gigantic. Daily volume being relatively low, any volume jumps can cause large price movements. I have laid out rough FIBs that I like here and my final PT is $49 with partials at $30 and $40.