MKDWELL Tech Inc. (NASDAQ:MKDW) Sees Significant Decline in Short Interest

MKDWELL Tech Inc. (NASDAQ:MKDW) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 18,559 shares, a drop of 60.3% from the January 29th total of 46,763 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 134,210 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 134,210 shares, the short-interest ratio is presently 0.1 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MKDWELL Tech stock. Citadel Advisors LLC purchased a new position in shares of MKDWELL Tech Inc. (NASDAQ:MKDW) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 233,545 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned about 1.26% of MKDWELL Tech as of its most recent SEC filing. Hedge funds and other institutional investors own 70.04% of the company’s stock.

MKDWELL Tech Trading Down 3.6%

Shares of MKDW opened at $2.40 on Friday. The company has a 50-day moving average price of $3.72 and a two-hundred day moving average price of $5.29. MKDWELL Tech has a 12 month low of $1.71 and a 12 month high of $36.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.30.

MKDWELL Tech Company Profile

MKDWELL Tech Inc is an automotive electronics manufacturer. MKDWELL Tech Inc, formerly known as Cetus Capital Acquisition Corp., is based in New York.