Mingteng International Corporation Inc. (NASDAQ:MTEN – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 358,693 shares, a growth of 147.8% from the September 30th total of 144,769 shares. Based on an average daily volume of 7,099,547 shares, the short-interest ratio is currently 0.1 days. Currently, 5.4% of the company’s shares are sold short.
Analyst Ratings Changes
Several brokerages have recently commented on MTEN. Wall Street Zen downgraded shares of Mingteng International from a “hold” rating to a “sell” rating in a research report on Saturday, August 22nd. Weiss Ratings cut shares of Mingteng International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, September 25th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on MTEN
Mingteng International Price Performance
Shares of NASDAQ:MTEN traded up $0.01 during trading on Friday, reaching $0.85. 127,186 shares of the stock were exchanged, compared to its average volume of 4,210,506. Mingteng International has a 1-year low of $0.78 and a 1-year high of $664.00. The stock has a fifty day moving average of $0.99 and a two-hundred day moving average of $1.49.
Mingteng International Company Profile
Mingteng International Corporation Limited (NASDAQ: MTEN) is a China-based manufacturer focused primarily on automotive molds, dies and metal components. The company designs and produces tooling used in vehicle manufacturing, as well as stamped and machined parts for automotive applications.
Its product and service capabilities include the development and manufacture of automotive stamping dies, metal body and structural components, and related precision parts. Mingteng International also provides supporting processes such as stamping, welding, machining and assembly, serving the production needs of automobile manufacturers and automotive component suppliers.
The company’s operations are centered in China, where it serves customers across the domestic automotive supply chain.
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