M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Short Interest Up 131.0% in March

M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 26,100 shares, a growth of 131.0% from the March 15th total of 11,300 shares. Based on an average daily volume of 55,600 shares, the short-interest ratio is presently 0.5 days. Currently, 1.1% of the company's stock are sold short.

M-tron Industries Price Performance

Shares of NYSEAMERICAN:MPTI traded down $2.22 during trading on Monday, reaching $49.26. 6,209 shares of the company's stock traded hands, compared to its average volume of 70,541. The stock has a market capitalization of $143.33 million, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 0.69 and a beta of 1.20. M-tron Industries has a 12 month low of $11.60 and a 12 month high of $52.87. The company has a 50 day moving average of $44.27 and a 200-day moving average of $49.29.

Institutional Investors Weigh In On M-tron Industries

Several large investors have recently made changes to their positions in the company. Lazard Asset Management LLC bought a new position in shares of M-tron Industries during the 4th quarter valued at about $81,000. Barclays PLC acquired a new position in shares of M-tron Industries in the 3rd quarter valued at $114,000. Bank of America Corp DE lifted its stake in M-tron Industries by 152.7% during the fourth quarter. Bank of America Corp DE now owns 4,596 shares of the company's stock valued at $223,000 after buying an additional 2,777 shares in the last quarter. Northern Trust Corp bought a new stake in shares of M-tron Industries in the 4th quarter valued at approximately $225,000. Finally, Janney Montgomery Scott LLC bought a new position in M-tron Industries during the fourth quarter valued at approximately $239,000. Institutional investors and hedge funds own 23.31% of the company's stock.

About M-tron Industries

M-tron Industries, Inc engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company's products include radio frequency, microwave, and millimeter wave filters; cavity, crystal, ceramic, lumped element, and switched filters; high frequency and performance OCXOs, integrated PLL OCXOs, TCXOs, VCXOs, and low jitter and harsh environment oscillators; crystal resonators, integrated microwave assemblies; and solid-state power amplifier products.