Mingteng International Co. Inc. (NASDAQ:MTEN) Short Interest Up 4,400.0% in December

Mingteng International Co. Inc. (NASDAQ:MTEN) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 18,000 shares, an increase of 4,400.0% from the December 15th total of 400 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 55,400 shares, the short-interest ratio is currently 0.3 days.

Mingteng International Price Performance

Shares of NASDAQ:MTEN traded down $0.05 during trading on Tuesday, hitting $5.07. 4,038 shares of the stock were exchanged, compared to its average volume of 21,855. The company’s fifty day simple moving average is $5.91 and its 200-day simple moving average is $4.93. Mingteng International has a 1-year low of $1.80 and a 1-year high of $9.87.

Institutional Investors Weigh In On Mingteng International

A hedge fund recently bought a new stake in Mingteng International stock. Renaissance Technologies LLC bought a new position in Mingteng International Co. Inc. (NASDAQ:MTEN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,100 shares of the company’s stock, valued at approximately $77,000. Renaissance Technologies LLC owned approximately 0.44% of Mingteng International at the end of the most recent quarter.

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.