MKDWELL Tech Inc. (NASDAQ:MKDW) Short Interest Down 35.5% in June

MKDWELL Tech Inc. (NASDAQ:MKDW) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 13,585 shares, a decrease of 35.5% from the May 31st total of 21,052 shares. Based on an average daily volume of 8,884 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.4% of the shares of the company are sold short.

MKDWELL Tech Trading Up 0.8%

Shares of NASDAQ MKDW traded up $0.10 during midday trading on Friday, reaching $11.90. 3,126 shares of the company traded hands, compared to its average volume of 23,440. The stock has a 50-day moving average price of $8.51 and a 200 day moving average price of $5.79. MKDWELL Tech has a 52 week low of $1.71 and a 52 week high of $12.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.23 and a quick ratio of 1.21.

Institutional Trading of MKDWELL Tech

A hedge fund recently bought a new stake in MKDWELL Tech stock. Citadel Advisors LLC purchased a new position in MKDWELL Tech Inc. (NASDAQ:MKDW) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 233,545 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned 1.26% of MKDWELL Tech at the end of the most recent quarter. 70.04% of the stock is currently owned by hedge funds and other institutional investors.

About MKDWELL Tech

MKDWELL Tech Inc is an automotive electronics manufacturer. MKDWELL Tech Inc, formerly known as Cetus Capital Acquisition Corp., is based in New York.