MKDWELL Tech Inc. (NASDAQ:MKDW) Sees Significant Increase in Short Interest

MKDWELL Tech Inc. (NASDAQ:MKDW) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 45,970 shares, a growth of 1,442.1% from the August 31st total of 2,981 shares. Based on an average daily trading volume, of 198,409 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

MKDWELL Tech Price Performance

Shares of NASDAQ MKDW opened at $1.51 on Friday. MKDWELL Tech has a 1 year low of $1.36 and a 1 year high of $12.94. The company has a 50-day moving average price of $9.63 and a 200-day moving average price of $8.44. The company has a current ratio of 0.47, a quick ratio of 0.45 and a debt-to-equity ratio of 0.60.

MKDWELL Tech (NASDAQ:MKDW) last issued its quarterly earnings data on Tuesday, September 8th. The company reported ($0.82) earnings per share for the quarter. The firm had revenue of $0.77 million during the quarter.

About MKDWELL Tech

MKDWELL Tech Inc is an automotive electronics manufacturer. MKDWELL Tech Inc, formerly known as Cetus Capital Acquisition Corp., is based in New York.