M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Short Interest Update

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 57,600 shares, an increase of 41.9% from the February 13th total of 40,600 shares. Based on an average daily trading volume, of 47,500 shares, the days-to-cover ratio is currently 1.2 days. Currently, 2.4% of the company’s stock are short sold.

M-tron Industries Trading Up 6.4 %

Shares of M-tron Industries stock opened at $40.43 on Tuesday. The stock has a market capitalization of $117.65 million, a P/E ratio of 20.22, a PEG ratio of 0.69 and a beta of 1.20. M-tron Industries has a 52 week low of $19.17 and a 52 week high of $59.25. The business has a 50 day moving average of $49.37.

Institutional Trading of M-tron Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. Next Century Growth Investors LLC purchased a new stake in shares of M-tron Industries in the fourth quarter worth approximately $4,560,000. Palisades Investment Partners LLC increased its position in shares of M-tron Industries by 9.8% during the fourth quarter. Palisades Investment Partners LLC now owns 62,960 shares of the company’s stock valued at $3,049,000 after acquiring an additional 5,640 shares during the last quarter. G2 Investment Partners Management LLC purchased a new stake in shares of M-tron Industries during the fourth quarter valued at approximately $2,235,000. Renaissance Technologies LLC increased its position in shares of M-tron Industries by 139.7% during the fourth quarter. Renaissance Technologies LLC now owns 39,805 shares of the company’s stock valued at $1,928,000 after acquiring an additional 23,200 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of M-tron Industries during the fourth quarter valued at approximately $1,844,000. 23.31% of the stock is owned by hedge funds and other institutional investors.

About M-tron Industries

M-tron Industries, Inc engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company's products include radio frequency, microwave, and millimeter wave filters; cavity, crystal, ceramic, lumped element, and switched filters; high frequency and performance OCXOs, integrated PLL OCXOs, TCXOs, VCXOs, and low jitter and harsh environment oscillators; crystal resonators, integrated microwave assemblies; and solid-state power amplifier products.