Short interest in MercadoLibre Inc (NASDAQ:MELI) increased during the last reporting period, rising from 942.58K to 1.00M. This put 1.98% of the company's publicly available shares short.

Based on the recent average volume of 478.02K shares traded per day, it would take 2.1 day(s) for holders of this short interest to close out their positions without sending the stock sharply higher.