Mill City Ventures III, Ltd. (NASDAQ:MCVT) Short Interest Down 20.4% in March

Mill City Ventures III, Ltd. (NASDAQ:MCVT) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 134,800 shares, a decline of 20.4% from the March 15th total of 169,300 shares. Based on an average daily volume of 286,900 shares, the days-to-cover ratio is presently 0.5 days. Approximately 7.7% of the shares of the company are short sold.

Mill City Ventures III Stock Performance

NASDAQ MCVT traded down $0.01 during trading hours on Monday, hitting $1.42. The company had a trading volume of 2,614 shares, compared to its average volume of 100,593. The firm has a 50 day simple moving average of $1.75 and a 200 day simple moving average of $2.06. Mill City Ventures III has a 52 week low of $1.13 and a 52 week high of $3.88. The firm has a market capitalization of $9.07 million, a price-to-earnings ratio of -20.28 and a beta of 0.72.

Mill City Ventures III (NASDAQ:MCVT) last posted its earnings results on Monday, March 10th. The company reported $0.01 earnings per share for the quarter. Mill City Ventures III had a negative net margin of 12.15% and a positive return on equity of 1.44%. The business had revenue of $0.87 million for the quarter.

About Mill City Ventures III

Mill City Ventures III, Ltd. is a principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. It primarily focuses on investing in, lending to, and making managerial assistance available to privately held and publicly traded companies.