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

Mingteng International Co. Inc. (NASDAQ:MTEN) saw a large increase in short interest in the month of 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. Based on an average daily trading volume, of 123,700 shares, the short-interest ratio is presently 0.6 days. Approximately 4.8% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mingteng International stock. Citadel Advisors LLC purchased a new stake in Mingteng International Co. Inc. (NASDAQ:MTEN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 28,364 shares of the company’s stock, valued at approximately $176,000. Citadel Advisors LLC owned approximately 0.41% of Mingteng International as of its most recent filing with the Securities and Exchange Commission.

Mingteng International Stock Performance

Mingteng International stock traded up $0.18 during midday trading on Friday, reaching $5.69. The stock had a trading volume of 28,101 shares, compared to its average volume of 97,175. The company has a fifty day moving average price of $5.42 and a two-hundred day moving average price of $5.55. Mingteng International has a 12 month low of $1.81 and a 12 month high of $9.87.

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.