Mingteng International Co. Inc. (NASDAQ:MTEN – Get Free Report) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 18,000 shares, a growth of 4,400.0% from the December 15th total of 400 shares. Based on an average daily volume of 55,400 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.1% of the company’s shares are sold short.
Mingteng International Stock Down 1.0 %
Shares of MTEN stock traded down $0.05 during trading hours on Tuesday, reaching $5.07. 4,038 shares of the stock traded hands, compared to its average volume of 21,855. Mingteng International has a 1-year low of $1.80 and a 1-year high of $9.87. The business has a fifty day moving average price of $5.91 and a 200 day moving average price of $4.93.
Hedge Funds Weigh In On Mingteng International
A hedge fund recently bought a new stake in Mingteng International stock. Renaissance Technologies LLC purchased a new stake in shares of Mingteng International Co. Inc. (NASDAQ:MTEN – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 27,100 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned about 0.44% of Mingteng International as of its most recent SEC filing.
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.
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