Short Interest in Mingteng International Co. Inc. (NASDAQ:MTEN) Expands By 4,400.0%

Mingteng International Co. Inc. (NASDAQ:MTEN) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 18,000 shares, a growth of 4,400.0% from the December 31st total of 400 shares. Currently, 1.1% of the company’s shares are short sold. Based on an average daily trading volume, of 55,400 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On Mingteng International

An institutional investor recently bought a new position in Mingteng International stock. Renaissance Technologies LLC bought a new position in shares of Mingteng International Co. Inc. (NASDAQ:MTEN) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 27,100 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned 0.44% of Mingteng International as of its most recent filing with the SEC.

Mingteng International Trading Up 10.0 %

Shares of MTEN stock traded up $0.47 during trading hours on Thursday, hitting $5.18. 196,576 shares of the company were exchanged, compared to its average volume of 86,783. Mingteng International has a 1 year low of $1.80 and a 1 year high of $9.87. The firm has a fifty day moving average of $5.82 and a 200 day moving average of $5.19.

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.