Mill City Ventures III, Ltd. (NASDAQ:MCVT) Sees Large Increase in Short Interest

Mill City Ventures III, Ltd. (NASDAQ:MCVT) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 169,300 shares, an increase of 91.5% from the February 28th total of 88,400 shares. Approximately 9.7% of the shares of the stock are short sold. Based on an average daily volume of 280,400 shares, the days-to-cover ratio is presently 0.6 days.

Mill City Ventures III Stock Performance

Mill City Ventures III stock traded down $0.12 on Friday, reaching $1.66. The company’s stock had a trading volume of 66,866 shares, compared to its average volume of 101,802. Mill City Ventures III has a twelve month low of $1.60 and a twelve month high of $3.88. The company has a market cap of $10.60 million, a price-to-earnings ratio of -23.71 and a beta of 0.56. The business’s fifty day moving average price is $2.20 and its 200 day moving average price is $2.21.

Mill City Ventures III (NASDAQ:MCVT) last issued its quarterly earnings data on Monday, March 10th. The company reported $0.01 EPS for the quarter. Mill City Ventures III had a negative net margin of 12.15% and a positive return on equity of 1.44%. The firm had revenue of $0.87 million for the quarter.

Mill City Ventures III Company Profile

Mill City Ventures III, Ltd. is a principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. It primarily focuses on investing in, lending to, and making managerial assistance available to privately held and publicly traded companies.