MKDWELL Tech Inc. (NASDAQ:MKDW) Short Interest Down 49.8% in June

MKDWELL Tech Inc. (NASDAQ:MKDW) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 6,825 shares, a decrease of 49.8% from the June 15th total of 13,585 shares. Based on an average daily volume of 38,621 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On MKDWELL Tech

A hedge fund recently bought a new stake in MKDWELL Tech stock. Citadel Advisors LLC purchased a new position in MKDWELL Tech Inc. (NASDAQ:MKDW) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 233,545 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned about 1.26% of MKDWELL Tech at the end of the most recent reporting period. Institutional investors and hedge funds own 70.04% of the company’s stock.

MKDWELL Tech Price Performance

Shares of MKDWELL Tech stock traded up $0.12 during midday trading on Thursday, reaching $11.70. 2,408 shares of the company’s stock traded hands, compared to its average volume of 133,437. The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 0.60. MKDWELL Tech has a 52 week low of $1.71 and a 52 week high of $12.29. The company’s 50 day simple moving average is $9.34 and its 200 day simple moving average is $6.18.

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.