MKDWELL Tech Inc. (NASDAQ:MKDW) Short Interest Down 49.8% in June

MKDWELL Tech Inc. (NASDAQ:MKDW) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 6,825 shares, a decline of 49.8% from the June 15th total of 13,585 shares. Based on an average daily volume of 38,621 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

MKDWELL Tech Price Performance

MKDW stock traded up $0.08 during mid-day trading on Wednesday, reaching $11.58. 10,612 shares of the company’s stock were exchanged, compared to its average volume of 134,422. The stock’s 50 day moving average is $9.25 and its 200 day moving average is $6.14. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.23. MKDWELL Tech has a 12-month low of $1.71 and a 12-month high of $12.29.

Institutional Investors Weigh In On MKDWELL Tech

A hedge fund recently bought a new position in MKDWELL Tech stock. Citadel Advisors LLC purchased a new position in MKDWELL Tech Inc. (NASDAQ:MKDW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 233,545 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned approximately 1.26% of MKDWELL Tech as of its most recent filing with the Securities and Exchange Commission. 70.04% of the stock is owned by 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.