Manitex International, Inc. (NASDAQ:MNTX) Short Interest Down 24.8% in June

Manitex International, Inc. (NASDAQ:MNTX) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 34,000 shares, a decrease of 24.8% from the June 15th total of 45,200 shares. Based on an average daily trading volume, of 78,300 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. acquired a new position in Manitex International in the 4th quarter valued at about $27,000. Essex Investment Management Co. LLC grew its position in shares of Manitex International by 1.5% in the first quarter. Essex Investment Management Co. LLC now owns 307,868 shares of the industrial products company’s stock valued at $2,112,000 after purchasing an additional 4,666 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Manitex International by 20.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 5,853 shares during the period. My Personal CFO LLC bought a new position in shares of Manitex International during the fourth quarter worth approximately $87,000. Finally, Ritholtz Wealth Management acquired a new stake in Manitex International during the 4th quarter worth approximately $111,000. 46.01% of the stock is owned by institutional investors and hedge funds.

Manitex International Stock Performance

MNTX stock traded up $0.25 during trading hours on Friday, reaching $4.76. The stock had a trading volume of 66,511 shares, compared to its average volume of 58,237. The stock has a market capitalization of $96.91 million, a PE ratio of 10.13 and a beta of 0.79. The stock has a 50-day simple moving average of $5.44 and a 200 day simple moving average of $6.44. Manitex International has a fifty-two week low of $3.72 and a fifty-two week high of $9.16. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.57 and a quick ratio of 0.67.

Manitex International (NASDAQ:MNTX) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.12. The business had revenue of $73.34 million during the quarter, compared to analysts’ expectations of $71.01 million. Manitex International had a return on equity of 18.93% and a net margin of 3.23%. Analysts predict that Manitex International will post 0.37 EPS for the current fiscal year.

Manitex International Company Profile

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.