Short Interest in Mill City Ventures III, Ltd. (NASDAQ:MCVT) Expands By 91.5%

Mill City Ventures III, Ltd. (NASDAQ:MCVT) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 169,300 shares, an increase of 91.5% from the February 28th total of 88,400 shares. Currently, 9.7% of the company’s stock are sold short. Based on an average trading volume of 280,400 shares, the short-interest ratio is presently 0.6 days.

Mill City Ventures III Stock Down 6.7 %

Shares of MCVT traded down $0.12 during midday trading on Friday, hitting $1.66. The company had a trading volume of 66,866 shares, compared to its average volume of 101,802. The stock has a market cap of $10.60 million, a price-to-earnings ratio of -23.71 and a beta of 0.56. The company’s 50 day moving average price is $2.20 and its 200 day moving average price is $2.21. Mill City Ventures III has a 52 week low of $1.60 and a 52 week high of $3.88.

Mill City Ventures III (NASDAQ:MCVT) last announced its quarterly earnings data on Monday, March 10th. The company reported $0.01 earnings per share for the quarter. Mill City Ventures III had a positive return on equity of 1.44% and a negative net margin of 12.15%. The firm had revenue of $0.87 million during the quarter.

Mill City Ventures III Company Profile

Mill City Ventures III, Ltd. is a principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. It primarily focuses on investing in, lending to, and making managerial assistance available to privately held and publicly traded companies.