Short Interest in MKDWELL Tech Inc. (NASDAQ:MKDW) Declines By 35.5%

MKDWELL Tech Inc. (NASDAQ:MKDW) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 13,585 shares, a drop of 35.5% from the May 31st total of 21,052 shares. Based on an average trading volume of 8,884 shares, the short-interest ratio is currently 1.5 days. Approximately 0.4% of the shares of the company are short sold.

MKDWELL Tech Price Performance

Shares of NASDAQ MKDW opened at $11.87 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. MKDWELL Tech has a fifty-two week low of $1.71 and a fifty-two week high of $12.29. The stock has a fifty day moving average of $8.42 and a 200-day moving average of $5.75.

Institutional Trading of MKDWELL Tech

An institutional investor recently bought a new stake 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 its most recent 13F filing with the SEC. The firm purchased 233,545 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned about 1.26% of MKDWELL Tech at the end of the most recent reporting period. 70.04% of the stock is owned by hedge funds and other institutional investors.

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.