Mingteng International Co. Inc. (NASDAQ:MTEN) Short Interest Down 89.2% in December

Mingteng International Co. Inc. (NASDAQ:MTEN) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 400 shares, a decrease of 89.2% from the November 30th total of 3,700 shares. Based on an average daily volume of 57,200 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Trading of Mingteng International

A hedge fund recently bought a new stake in Mingteng International stock. Renaissance Technologies LLC bought a new stake in Mingteng International Co. Inc. (NASDAQ:MTEN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,100 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned 0.44% of Mingteng International at the end of the most recent quarter.

Mingteng International Price Performance

MTEN stock traded down $0.31 during midday trading on Thursday, reaching $6.12. The stock had a trading volume of 2,607 shares, compared to its average volume of 82,643. Mingteng International has a twelve month low of $1.80 and a twelve month high of $9.87. The business has a fifty day simple moving average of $6.13 and a two-hundred day simple moving average of $4.80.

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.