MKDWELL Tech Inc. (NASDAQ:MKDW) Shares Shorted: Short Interest Up 5,709.3% in October

MKDWELL Tech Inc. (NASDAQ:MKDW) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 396,367 shares, an increase of 5,709.3% from the October 15th total of 6,823 shares. Based on an average trading volume of 3,955,487 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.5% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of MKDWELL Tech from a “sell (d-)” rating to a “sell (e-)” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, MKDWELL Tech presently has an average rating of “Sell”.

MKDWELL Tech Stock Performance

Shares of NASDAQ:MKDW traded down $0.01 on Tuesday, reaching $0.14. 3,363,649 shares of the company were exchanged, compared to its average volume of 555,310. MKDWELL Tech has a 1-year low of $0.11 and a 1-year high of $12.94. The company has a 50-day moving average of $2.79 and a 200-day moving average of $6.29.

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

MKDWELL Tech Company Profile

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