Mingteng International Co. Inc. (NASDAQ:MTEN) Short Interest Up 95.1% in March

Mingteng International Co. Inc. (NASDAQ:MTEN) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 79,000 shares, a growth of 95.1% from the February 28th total of 40,500 shares. Approximately 4.8% of the company’s shares are sold short. Based on an average daily trading volume, of 123,700 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mingteng International stock. Citadel Advisors LLC purchased a new position in shares of Mingteng International Co. Inc. (NASDAQ:MTEN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,364 shares of the company’s stock, valued at approximately $176,000. Citadel Advisors LLC owned about 0.41% of Mingteng International at the end of the most recent reporting period.

Mingteng International Trading Up 3.3 %

Shares of MTEN stock traded up $0.18 on Friday, reaching $5.69. 28,101 shares of the stock were exchanged, compared to its average volume of 97,175. The stock has a 50 day moving average price of $5.42 and a 200 day moving average price of $5.56. Mingteng International has a one year low of $1.81 and a one year high of $9.87.

About Mingteng International

Mingteng International Corporation Inc engages in the design, development, production, assembly, testing, repair, and after-sale service of molds in the People's Republic of China. It offers casting molds for turbocharger systems, braking systems, steering and differential systems, and other automotive system parts.