Mill City Ventures III, Ltd. (NASDAQ:MCVT) Sees Large Increase in Short Interest

Mill City Ventures III, Ltd. (NASDAQ:MCVT) was the recipient of a significant 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. Based on an average trading volume of 280,400 shares, the days-to-cover ratio is currently 0.6 days. Approximately 9.7% of the company’s stock are sold short.

Mill City Ventures III Trading Down 6.7 %

NASDAQ MCVT traded down $0.12 during trading on Friday, reaching $1.66. The company’s stock had a trading volume of 66,866 shares, compared to its average volume of 101,802. The stock has a market capitalization of $10.60 million, a PE ratio of -23.71 and a beta of 0.56. Mill City Ventures III has a 1-year low of $1.60 and a 1-year high of $3.88. The business has a 50-day moving average price of $2.20 and a 200-day moving average price of $2.21.

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