M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Short Interest Update

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 57,600 shares, a growth of 41.9% from the February 13th total of 40,600 shares. Based on an average daily trading volume, of 47,500 shares, the short-interest ratio is currently 1.2 days. Approximately 2.4% of the company’s shares are sold short.

M-tron Industries Price Performance

NYSEAMERICAN MPTI opened at $40.43 on Tuesday. The company has a 50-day moving average of $49.37. M-tron Industries has a 12 month low of $19.17 and a 12 month high of $59.25. The company has a market cap of $117.65 million, a price-to-earnings ratio of 20.22, a PEG ratio of 0.69 and a beta of 1.20.

Institutional Investors Weigh In On M-tron Industries

A number of institutional investors have recently made changes to their positions in the stock. Truvestments Capital LLC boosted its position in shares of M-tron Industries by 4.1% during the 4th quarter. Truvestments Capital LLC now owns 8,387 shares of the company’s stock valued at $406,000 after purchasing an additional 330 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of M-tron Industries during the 4th quarter valued at about $81,000. Barclays PLC bought a new stake in shares of M-tron Industries during the 3rd quarter valued at about $114,000. Bank of America Corp DE boosted its position in shares of M-tron Industries by 152.7% during the 4th quarter. Bank of America Corp DE now owns 4,596 shares of the company’s stock valued at $223,000 after purchasing an additional 2,777 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of M-tron Industries by 30.5% during the 4th quarter. Marshall Wace LLP now owns 13,337 shares of the company’s stock valued at $646,000 after purchasing an additional 3,118 shares in the last quarter. Institutional investors own 23.31% of the company’s stock.

M-tron Industries Company Profile

M-tron Industries, Inc engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company's products include radio frequency, microwave, and millimeter wave filters; cavity, crystal, ceramic, lumped element, and switched filters; high frequency and performance OCXOs, integrated PLL OCXOs, TCXOs, VCXOs, and low jitter and harsh environment oscillators; crystal resonators, integrated microwave assemblies; and solid-state power amplifier products.