Short interest in Magic Software Enterprises Ltd (NASDAQ:MGIC) increased during the last reporting period, rising from 21.59K to 129.16K. This put 0.62% of the company's publicly available shares short.

Short interest for Magic Software gives investors a sense of the degree to which investors are betting on the decline of Magic Software's stock. Short interest data is updated every two weeks.

Based on the recent average volume of 81.19K shares traded per day, it would take 1.59 day(s) for holders of this short interest to close out their positions without sending the stock sharply higher.