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

Mingteng International Co. Inc. (NASDAQ:MTEN) saw a large drop in short interest in December. As of December 15th, there was short interest totalling 400 shares, a drop of 89.2% from the November 30th total of 3,700 shares. Based on an average trading volume of 57,200 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of Mingteng International

An institutional investor recently bought a new position in Mingteng International stock. Renaissance Technologies LLC acquired a new stake in Mingteng International Co. Inc. (NASDAQ:MTEN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 27,100 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned 0.44% of Mingteng International as of its most recent SEC filing.

Mingteng International Trading Down 4.8 %

Shares of NASDAQ MTEN traded down $0.31 during trading hours on Thursday, hitting $6.12. The company had a trading volume of 2,607 shares, compared to its average volume of 82,643. Mingteng International has a 1-year low of $1.80 and a 1-year high of $9.87. The firm’s 50 day moving average is $6.13 and its 200-day moving average is $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.