Mingteng International Co. Inc. (NASDAQ:MTEN) Short Interest Down 29.4% in January

Mingteng International Co. Inc. (NASDAQ:MTEN) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 12,700 shares, a decrease of 29.4% from the December 31st total of 18,000 shares. Based on an average daily trading volume, of 59,500 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.8% of the shares of the company are sold short.

Mingteng International Stock Performance

NASDAQ MTEN opened at $5.18 on Friday. Mingteng International has a fifty-two week low of $1.80 and a fifty-two week high of $9.87. The business has a fifty day moving average price of $5.82 and a two-hundred day moving average price of $5.19.

Institutional Trading of Mingteng International

A hedge fund recently bought a new stake in Mingteng International stock. Renaissance Technologies LLC bought a new position in Mingteng International Co. Inc. (NASDAQ:MTEN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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.