M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Short Interest Down 18.7% in December

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 52,700 shares, a decrease of 18.7% from the December 15th total of 64,800 shares. Currently, 2.2% of the company’s stock are short sold. Based on an average daily volume of 43,200 shares, the short-interest ratio is presently 1.2 days.

M-tron Industries Trading Down 2.1 %

Shares of NYSEAMERICAN:MPTI opened at $53.51 on Friday. M-tron Industries has a one year low of $23.00 and a one year high of $71.10. The stock has a market cap of $153.57 million, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 0.76 and a beta of 1.17.

Institutional Investors Weigh In On M-tron Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC bought a new stake in M-tron Industries during the 3rd quarter worth about $114,000. Geode Capital Management LLC raised its holdings in shares of M-tron Industries by 18.6% in the 3rd quarter. Geode Capital Management LLC now owns 23,706 shares of the company’s stock valued at $989,000 after purchasing an additional 3,718 shares during the period. Truvestments Capital LLC raised its holdings in shares of M-tron Industries by 14.0% in the 3rd quarter. Truvestments Capital LLC now owns 8,057 shares of the company’s stock valued at $336,000 after purchasing an additional 988 shares during the period. Finally, Evernest Financial Advisors LLC bought a new stake in shares of M-tron Industries in the 3rd quarter valued at about $865,000. 23.31% of the stock is owned by institutional investors.

About M-tron Industries

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.