Short Interest in Mingteng International Co. Inc. (NASDAQ:MTEN) Increases By 95.1%

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

Mingteng International Stock Up 3.3 %

Shares of MTEN traded up $0.18 on Friday, hitting $5.69. The company’s stock had a trading volume of 28,101 shares, compared to its average volume of 97,175. Mingteng International has a fifty-two week low of $1.81 and a fifty-two week high of $9.87. The company has a 50 day moving average price of $5.42 and a 200 day moving average price of $5.56.

Hedge Funds Weigh In On Mingteng International

An institutional investor recently bought a new position in Mingteng International stock. Renaissance Technologies LLC purchased a new position in shares of Mingteng International Co. Inc. (NASDAQ:MTEN) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 22,215 shares of the company’s stock, valued at approximately $138,000. Renaissance Technologies LLC owned approximately 0.32% of Mingteng International as of its most recent SEC filing.

Mingteng International Company Profile

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.