Mill City Ventures III, Ltd. (NASDAQ:MCVT) Sees Large Growth in Short Interest

Mill City Ventures III, Ltd. (NASDAQ:MCVT) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 88,400 shares, an increase of 711.0% from the February 13th total of 10,900 shares. Based on an average daily volume of 267,400 shares, the short-interest ratio is currently 0.3 days. Currently, 4.9% of the shares of the stock are sold short.

Mill City Ventures III Stock Performance

Mill City Ventures III stock opened at $1.93 on Thursday. The firm has a market cap of $12.32 million, a price-to-earnings ratio of -27.57 and a beta of 0.56. Mill City Ventures III has a 1 year low of $1.65 and a 1 year high of $3.88. The firm’s 50 day moving average price is $2.41 and its two-hundred day moving average price is $2.29.

Mill City Ventures III (NASDAQ:MCVT) last announced its earnings results on Monday, March 10th. The company reported $0.01 earnings per share (EPS) for the quarter. Mill City Ventures III had a positive return on equity of 1.44% and a negative net margin of 12.15%. The company had revenue of $0.87 million for the quarter.

Mill City Ventures III Company Profile

Mill City Ventures III, Ltd. is a principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. It primarily focuses on investing in, lending to, and making managerial assistance available to privately held and publicly traded companies.