Manitex International, Inc. (NASDAQ:MNTX) Short Interest Up 25.0% in October

Manitex International, Inc. (NASDAQ:MNTX) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 129,000 shares, a growth of 25.0% from the October 15th total of 103,200 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 302,200 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Northland Securities reiterated a “market perform” rating and set a $5.80 price target (down from $8.00) on shares of Manitex International in a report on Friday, September 13th. StockNews.com assumed coverage on Manitex International in a research report on Monday, November 11th. They set a “hold” rating on the stock. Finally, Northland Capmk downgraded Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 13th.

Institutional Trading of Manitex International

Several institutional investors have recently modified their holdings of the business. Pacific Ridge Capital Partners LLC lifted its position in shares of Manitex International by 0.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company’s stock valued at $4,064,000 after acquiring an additional 2,871 shares during the period. Cutter & CO Brokerage Inc. raised its holdings in Manitex International by 17.8% during the second quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company’s stock worth $98,000 after buying an additional 3,340 shares during the last quarter. Geode Capital Management LLC raised its holdings in Manitex International by 2.2% during the third quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock worth $928,000 after buying an additional 3,601 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Manitex International by 20.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company’s stock valued at $237,000 after buying an additional 5,853 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in Manitex International by 2.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company’s stock valued at $1,356,000 after purchasing an additional 8,500 shares during the last quarter. Institutional investors own 46.01% of the company’s stock.

Manitex International Trading Up 0.4 %

NASDAQ MNTX traded up $0.02 on Friday, hitting $5.73. The company’s stock had a trading volume of 269,067 shares, compared to its average volume of 118,854. The company’s 50-day moving average is $5.56 and its 200 day moving average is $5.18. The firm has a market cap of $116.89 million, a PE ratio of 12.46 and a beta of 0.77. Manitex International has a 1-year low of $3.07 and a 1-year high of $9.16. The company has a quick ratio of 0.66, a current ratio of 1.64 and a debt-to-equity ratio of 0.75.

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.