Short Interest in Mill City Ventures III, Ltd. (NASDAQ:MCVT) Rises By 711.0%

Mill City Ventures III, Ltd. (NASDAQ:MCVT) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 88,400 shares, an increase of 711.0% from the February 13th total of 10,900 shares. Approximately 4.9% of the shares of the company are short sold. Based on an average daily volume of 267,400 shares, the days-to-cover ratio is currently 0.3 days.

Mill City Ventures III Stock Performance

Shares of NASDAQ:MCVT remained flat at $1.92 during trading on Friday. 1,054 shares of the stock traded hands, compared to its average volume of 100,467. The stock has a market capitalization of $12.26 million, a P/E ratio of -27.44 and a beta of 0.56. The business’s 50-day simple moving average is $2.41 and its two-hundred day simple moving average is $2.29. Mill City Ventures III has a 52-week low of $1.65 and a 52-week high of $3.88.

Mill City Ventures III (NASDAQ:MCVT) last announced its earnings results 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 company had revenue of $0.87 million for the quarter.

About Mill City Ventures III

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.