Mill City Ventures III, Ltd. (NASDAQ:MCVT) Short Interest Up 898.8% in July

Key Points

• Mill City Ventures III, Ltd. (NASDAQ:MCVT) experienced an astonishing increase of 898.8% in short interest in July, with a total of 495,400 shares shorted by the end of the month.
• The company's stock is currently trading at $7.09, with a market cap of $580.87 million and a P/E ratio of 37.11.
• Mill City Ventures III reported earnings of $0.06 per share for the last quarter, with revenue totaling $0.78 million and a return on equity of 6.37%.

Mill City Ventures III, Ltd. (NASDAQ:MCVT - Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 495,400 shares, anincreaseof898.8% from the July 15th total of 49,600 shares. Based on an average daily trading volume, of 2,470,000 shares, the days-to-cover ratio is currently 0.2 days. Currently,0.6% of the shares of the company are short sold. Currently,0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 2,470,000 shares, the days-to-cover ratio is currently 0.2 days.

Mill City Ventures III Stock Performance

NASDAQ MCVT traded down $0.36 on Thursday, reaching $7.09. The stock had a trading volume of 637,195 shares, compared to its average volume of 1,194,028. Mill City Ventures III has a 12-month low of $1.13 and a 12-month high of $8.66. The business's 50-day moving average price is $2.99 and its 200 day moving average price is $2.24. The stock has a market cap of $580.87 million, a P/E ratio of 37.11 and a beta of 1.03.

Mill City Ventures III (NASDAQ:MCVT - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.06 earnings per share (EPS) for the quarter. Mill City Ventures III had a return on equity of 6.37% and a net margin of 38.13%. The business had revenue of $0.78 million for the quarter.

About Mill City Ventures III

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.

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