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

Mingteng International Co. Inc. (NASDAQ:MTEN) saw a significant growth in short interest in 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. Currently, 62.7% of the company’s stock are sold short. Based on an average trading volume of 158,100 shares, the short-interest ratio is presently 6.6 days.

Mingteng International Price Performance

Shares of MTEN stock opened at $7.32 on Tuesday. The firm has a fifty day moving average of $5.23 and a 200-day moving average of $5.64. Mingteng International has a 12-month low of $1.81 and a 12-month high of $9.87.

Hedge Funds Weigh In On Mingteng International

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

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.