Short Interest in Mingteng International Co. Inc. (NASDAQ:MTEN) Drops By 57.5%

Mingteng International Co. Inc. (NASDAQ:MTEN) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 3,100 shares, a decline of 57.5% from the October 31st total of 7,300 shares. Based on an average daily volume of 57,500 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are sold short.

Mingteng International Stock Performance

NASDAQ:MTEN traded down $0.14 during trading hours on Thursday, hitting $5.54. The company’s stock had a trading volume of 12,203 shares, compared to its average volume of 90,310. Mingteng International has a 52-week low of $1.80 and a 52-week high of $9.87. The stock has a fifty day moving average of $5.62 and a 200-day moving average of $4.83.

Institutional Inflows and Outflows

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

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.