MKDWELL Tech Inc. (NASDAQ:MKDW) Short Interest Down 49.8% in June

MKDWELL Tech Inc. (NASDAQ:MKDW) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 6,825 shares, a decrease of 49.8% from the June 15th total of 13,585 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 38,621 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On MKDWELL Tech

A hedge fund recently bought a new position in MKDWELL Tech stock. Citadel Advisors LLC bought a new position in shares of MKDWELL Tech Inc. (NASDAQ:MKDW) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 233,545 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned about 1.26% of MKDWELL Tech as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 70.04% of the company’s stock.

MKDWELL Tech Stock Up 2.0%

Shares of MKDW traded up $0.23 during mid-day trading on Friday, reaching $11.61. The company had a trading volume of 2,866 shares, compared to its average volume of 132,470. The company’s 50 day simple moving average is $9.43 and its 200 day simple moving average is $6.22. MKDWELL Tech has a 1-year low of $1.71 and a 1-year high of $12.29. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

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.