Short Interest in Mingteng International Co. Inc. (NASDAQ:MTEN) Expands By 217.4%

Mingteng International Co. Inc. (NASDAQ:MTEN) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 7,300 shares, a growth of 217.4% from the October 15th total of 2,300 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 61,300 shares, the short-interest ratio is currently 0.1 days.

Mingteng International Stock Down 3.4 %

Shares of MTEN traded down $0.21 during midday trading on Wednesday, hitting $6.05. 31,343 shares of the company traded hands, compared to its average volume of 95,298. The firm has a 50 day moving average of $5.29 and a 200-day moving average of $4.77. Mingteng International has a 52 week low of $1.80 and a 52 week high of $9.87.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mingteng International stock. Renaissance Technologies LLC bought a new stake in shares of Mingteng International Co. Inc. (NASDAQ:MTEN) during the 2nd quarter, according to its most recent 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.

Mingteng International Company Profile

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.