Short Interest in MKDWELL Tech Inc. (NASDAQ:MKDW) Drops By 52.4%

MKDWELL Tech Inc. (NASDAQ:MKDW) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 3,671 shares, a drop of 52.4% from the July 30th total of 7,716 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,421 shares, the short-interest ratio is currently 2.6 days.

MKDWELL Tech Trading Up 4.2%

Shares of MKDWELL Tech stock traded up $0.44 during mid-day trading on Monday, hitting $10.99. 1,789 shares of the stock were exchanged, compared to its average volume of 111,405. MKDWELL Tech has a 12 month low of $1.71 and a 12 month high of $12.94. The company has a 50-day simple moving average of $11.41 and a 200 day simple moving average of $7.83. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.23 and a quick ratio of 1.21.

Institutional Trading of MKDWELL Tech

An institutional investor recently bought a new stake in MKDWELL Tech stock. Citadel Advisors LLC bought a new stake in shares of MKDWELL Tech Inc. (NASDAQ:MKDW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 233,545 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned 1.26% of MKDWELL Tech as of its most recent SEC filing. Hedge funds and other institutional investors own 70.04% of the company’s stock.

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.