Mingteng International Co. Inc. (NASDAQ:MTEN) Short Interest Update

Mingteng International Co. Inc. (NASDAQ:MTEN) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 7,100 shares, an increase of 195.8% from the January 31st total of 2,400 shares. Based on an average trading volume of 51,900 shares, the short-interest ratio is currently 0.1 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On Mingteng International

A hedge fund recently bought a new stake in Mingteng International stock. Citadel Advisors LLC purchased a new position in Mingteng International Co. Inc. (NASDAQ:MTEN) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 28,364 shares of the company’s stock, valued at approximately $176,000. Citadel Advisors LLC owned approximately 0.41% of Mingteng International as of its most recent SEC filing.

Mingteng International Price Performance

NASDAQ MTEN traded down $0.08 during mid-day trading on Friday, reaching $5.25. The stock had a trading volume of 82,577 shares, compared to its average volume of 74,858. The company has a fifty day moving average price of $5.62 and a 200 day moving average price of $5.48. Mingteng International has a 1 year low of $1.80 and a 1 year high of $9.87.

About Mingteng International

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.