Mingteng International Co. Inc. (NASDAQ:MTEN) Short Interest Update

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. Approximately 1.1% of the company’s shares are short sold. Based on an average daily trading volume, of 55,400 shares, the short-interest ratio is presently 0.3 days.

Mingteng International Price Performance

NASDAQ:MTEN opened at $4.70 on Wednesday. Mingteng International has a 12 month low of $1.80 and a 12 month high of $9.87. The business’s 50-day moving average is $5.86 and its two-hundred day moving average is $5.17.

Institutional Trading of Mingteng International

A hedge fund recently bought a new stake in Mingteng International stock. Renaissance Technologies LLC acquired a new position in shares of Mingteng International Co. Inc. (NASDAQ:MTEN) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 27,100 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned approximately 0.44% of Mingteng International at the end of the most recent reporting period.

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.