MKDWELL Tech Inc. (NASDAQ:MKDW – Get Free Report) saw 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 daily volume of 8,884 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.4% of the shares of the company are sold short.
Hedge Funds Weigh In On MKDWELL Tech
A hedge fund recently bought a new stake in MKDWELL Tech stock. Citadel Advisors LLC acquired a new stake in MKDWELL Tech Inc. (NASDAQ:MKDW – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 233,545 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned approximately 1.26% of MKDWELL Tech at the end of the most recent reporting period. 70.04% of the stock is owned by institutional investors.
MKDWELL Tech Stock Up 0.8%
NASDAQ MKDW opened at $11.90 on Friday. 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 1-year low of $1.71 and a 1-year high of $12.29. The company has a 50 day moving average of $8.60 and a 200-day moving average of $5.84.
About MKDWELL Tech
MKDWELL Tech Inc is an automotive electronics manufacturer. MKDWELL Tech Inc, formerly known as Cetus Capital Acquisition Corp., is based in New York.
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