Short Interest in Mingteng International Co. Inc. (NASDAQ:MTEN) Declines By 89.2%

Mingteng International Co. Inc. (NASDAQ:MTEN) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 400 shares, a decrease of 89.2% from the November 30th total of 3,700 shares. Based on an average daily volume of 57,200 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mingteng International stock. Renaissance Technologies LLC purchased a new stake in Mingteng International Co. Inc. (NASDAQ:MTEN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 27,100 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned about 0.44% of Mingteng International at the end of the most recent reporting period.

Mingteng International Price Performance

NASDAQ:MTEN traded up $0.73 on Friday, reaching $6.85. The stock had a trading volume of 129,534 shares, compared to its average volume of 82,911. The stock has a fifty day moving average price of $6.20 and a 200-day moving average price of $4.81. Mingteng International has a 1-year low of $1.80 and a 1-year high of $9.87.

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.