MKDWELL Tech Inc. (NASDAQ:MKDW) Sees Large Decrease in Short Interest

MKDWELL Tech Inc. (NASDAQ:MKDW) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 6,823 shares, a decrease of 84.3% from the September 30th total of 43,457 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 88,239 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of MKDWELL Tech from a “sell (d-)” rating to a “sell (e-)” rating in a research note on Friday, October 9th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

MKDWELL Tech Price Performance

MKDW traded down $0.15 during trading hours on Tuesday, reaching $0.26. 12,608,247 shares of the company’s stock traded hands, compared to its average volume of 302,676. The firm has a 50-day moving average price of $5.45 and a 200 day moving average price of $6.57. MKDWELL Tech has a 52-week low of $0.25 and a 52-week high of $12.94.

MKDWELL Tech (NASDAQ:MKDW) last released its earnings results on Tuesday, September 8th. The company reported ($0.82) earnings per share for the quarter. The business had revenue of $0.77 million during the quarter.

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.