Mingteng International Co. Inc. (NASDAQ:MTEN) Short Interest Update

Mingteng International Co. Inc. (NASDAQ:MTEN) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 18,000 shares, an increase of 4,400.0% from the December 31st total of 400 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 55,400 shares, the short-interest ratio is currently 0.3 days.

Mingteng International Stock Performance

Shares of NASDAQ MTEN traded down $0.26 during midday trading on Tuesday, reaching $4.70. 161,935 shares of the stock were exchanged, compared to its average volume of 74,249. The stock has a 50 day moving average price of $5.86 and a 200-day moving average price of $5.17. Mingteng International has a 52-week low of $1.80 and a 52-week high of $9.87.

Institutional Investors 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 Mingteng International Co. Inc. (NASDAQ:MTEN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

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.