Short Interest in Mingteng International Co. Inc. (NASDAQ:MTEN) Expands By 93.8%

Mingteng International Co. Inc. (NASDAQ:MTEN - Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,040,000 shares, a growth of 93.8% from the March 31st total of 536,500 shares. Approximately 62.7% of the shares of the company are short sold. Based on an average trading volume of 158,100 shares, the short-interest ratio is presently 6.6 days.

Mingteng International Stock Performance

Shares of NASDAQ MTEN traded up $0.34 during midday trading on Friday, hitting $7.92. The company's stock had a trading volume of 17,017 shares, compared to its average volume of 94,335. The stock has a fifty day moving average price of $5.41 and a 200 day moving average price of $5.72. Mingteng International has a one year low of $1.81 and a one year high of $9.87.

Institutional Investors Weigh In On Mingteng International

An institutional investor recently bought a new position in Mingteng International stock. Renaissance Technologies LLC acquired a new position in shares of Mingteng International Co. Inc. (NASDAQ:MTEN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 22,215 shares of the company's stock, valued at approximately $138,000. Renaissance Technologies LLC owned approximately 0.32% of Mingteng International as of its most recent filing with the Securities and Exchange Commission.

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.