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

Key Points

• Mingteng International Corporation (NASDAQ:MTEN) experienced a notable decrease in short interest, down 26.6% to 493,700 shares as of August 15th.
• The stock's current days-to-cover ratio is 5.5 days, with approximately 21.3% of shares sold short.
• Institutional investments have increased, with Citadel Advisors LLC acquiring 28,364 shares valued at roughly $176,000 in the most recent quarter.

Mingteng International Corporation Inc. (NASDAQ:MTEN - ) saw a significant decline in short interest during the month of August. As of August 15th, there was short interest totaling 493,700 shares, adeclineof26.6% from the July 31st total of 673,000 shares. Based on an average daily trading volume, of 89,900 shares, the days-to-cover ratio is presently 5.5 days. Approximately21.3% of the shares of the company are sold short. Approximately21.3% of the shares of the company are sold short. Based on an average daily trading volume, of 89,900 shares, the days-to-cover ratio is presently 5.5 days.

Mingteng International Stock Performance

Shares of NASDAQ MTEN traded down $0.07 during trading hours on Monday, reaching $12.00. The stock had a trading volume of 19,694 shares, compared to its average volume of 111,643. The business's fifty day moving average is $13.71 and its two-hundred day moving average is $10.32. Mingteng International has a twelve month low of $3.20 and a twelve month high of $26.03.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mingteng International stock. Citadel Advisors LLC bought a new stake in Mingteng International Corporation Inc. (NASDAQ:MTEN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,364 shares of the company's stock, valued at approximately $176,000. Citadel Advisors LLC owned approximately 0.41% of Mingteng International at the end of the most recent quarter.

About Mingteng International

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.