Short Interest in Mingteng International Co. Inc. (NASDAQ:MTEN) Increases By 4,400.0%

Mingteng International Co. Inc. (NASDAQ:MTEN) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 18,000 shares, a growth of 4,400.0% from the December 15th total of 400 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily volume of 55,400 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mingteng International stock. Renaissance Technologies LLC acquired a new stake in Mingteng International Co. Inc. (NASDAQ:MTEN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 27,100 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned approximately 0.44% of Mingteng International at the end of the most recent quarter.

Mingteng International Price Performance

MTEN stock traded up $0.28 during mid-day trading on Wednesday, reaching $5.53. The company had a trading volume of 33,663 shares, compared to its average volume of 25,540. Mingteng International has a fifty-two week low of $1.80 and a fifty-two week high of $9.87. The firm has a fifty day simple moving average of $5.92 and a 200 day simple moving average of $4.95.

Mingteng International Company Profile

Mingteng International Corporation Inc engages in the design, development, production, assembly, testing, repair, and after-sale service of molds in the People's Republic of China. It offers casting molds for turbocharger systems, braking systems, steering and differential systems, and other automotive system parts.