Mingteng International Co. Inc. (NASDAQ:MTEN) Short Interest Up 4,400.0% in January

Mingteng International Co. Inc. (NASDAQ:MTEN) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 18,000 shares, an increase of 4,400.0% from the December 31st total of 400 shares. Based on an average daily volume of 55,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.1% of the shares of the stock are short sold.

Institutional Trading of Mingteng International

An institutional investor recently bought a new position in Mingteng International stock. Renaissance Technologies LLC purchased a new position in shares of Mingteng International Co. Inc. (NASDAQ:MTEN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 27,100 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned about 0.44% of Mingteng International at the end of the most recent reporting period.

Mingteng International Trading Up 10.0 %

Shares of MTEN stock traded up $0.47 during mid-day trading on Thursday, reaching $5.18. The stock had a trading volume of 196,576 shares, compared to its average volume of 86,783. The business has a 50-day simple moving average of $5.82 and a 200 day simple moving average of $5.19. Mingteng International has a 12-month low of $1.80 and a 12-month high of $9.87.

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.