MKDWELL Tech Inc. (NASDAQ:MKDW) Short Interest Up 44.0% in March

MKDWELL Tech Inc. (NASDAQ:MKDW) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 17,292 shares, a growth of 44.0% from the February 26th total of 12,006 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 65,670 shares, the days-to-cover ratio is currently 0.3 days.

MKDWELL Tech Price Performance

Shares of MKDW stock traded up $1.43 during midday trading on Monday, hitting $6.24. 817,816 shares of the company were exchanged, compared to its average volume of 268,650. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.30. The firm’s 50 day moving average price is $2.81 and its two-hundred day moving average price is $4.82. MKDWELL Tech has a 52 week low of $1.71 and a 52 week high of $36.00.

Institutional Investors Weigh In On MKDWELL Tech

An institutional investor recently bought a new position in MKDWELL Tech stock. Citadel Advisors LLC bought a new stake in MKDWELL Tech Inc. (NASDAQ:MKDW) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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 quarter. Hedge funds and other institutional investors own 70.04% of the company’s stock.

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.