Short Interest in Mingteng International Co. Inc. (NASDAQ:MTEN) Drops By 29.4%

Mingteng International Co. Inc. (NASDAQ:MTEN) saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 12,700 shares, a decrease of 29.4% from the December 31st total of 18,000 shares. Based on an average daily trading volume, of 59,500 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.8% of the company’s shares are sold short.

Mingteng International Trading Up 10.0 %

NASDAQ MTEN opened at $5.18 on Friday. Mingteng International has a 52 week low of $1.80 and a 52 week high of $9.87. The business’s fifty day simple moving average is $5.82 and its 200-day simple moving average is $5.19.

Institutional Trading of Mingteng International

A hedge fund recently bought a new stake in Mingteng International stock. Renaissance Technologies LLC bought a new stake in Mingteng International Co. Inc. (NASDAQ:MTEN) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund 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 reporting period.

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.