Short Interest in M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Increases By 41.9%

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 57,600 shares, an increase of 41.9% from the February 13th total of 40,600 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average trading volume of 47,500 shares, the short-interest ratio is currently 1.2 days.

M-tron Industries Trading Up 4.4 %

NYSEAMERICAN:MPTI opened at $37.99 on Friday. The firm has a market capitalization of $110.55 million, a PE ratio of 19.00, a price-to-earnings-growth ratio of 0.69 and a beta of 1.20. The firm has a 50-day simple moving average of $49.59. M-tron Industries has a 1 year low of $19.17 and a 1 year high of $59.25.

Institutional Investors Weigh In On M-tron Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPTI. Next Century Growth Investors LLC bought a new position in M-tron Industries in the 4th quarter valued at about $4,560,000. Palisades Investment Partners LLC grew its position in shares of M-tron Industries by 9.8% during the 4th quarter. Palisades Investment Partners LLC now owns 62,960 shares of the company’s stock valued at $3,049,000 after purchasing an additional 5,640 shares in the last quarter. G2 Investment Partners Management LLC bought a new stake in shares of M-tron Industries during the 4th quarter worth $2,235,000. Renaissance Technologies LLC lifted its holdings in shares of M-tron Industries by 139.7% during the 4th quarter. Renaissance Technologies LLC now owns 39,805 shares of the company’s stock worth $1,928,000 after acquiring an additional 23,200 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in M-tron Industries in the fourth quarter worth $1,844,000. 23.31% of the stock is currently owned by institutional investors.

About M-tron Industries

M-tron Industries, Inc engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company's products include radio frequency, microwave, and millimeter wave filters; cavity, crystal, ceramic, lumped element, and switched filters; high frequency and performance OCXOs, integrated PLL OCXOs, TCXOs, VCXOs, and low jitter and harsh environment oscillators; crystal resonators, integrated microwave assemblies; and solid-state power amplifier products.