Short Interest in MKDWELL Tech Inc. (NASDAQ:MKDW) Increases By 143.5%

by · The Markets Daily

MKDWELL Tech Inc. (NASDAQ:MKDW – Get Free Report) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 341,772 shares, an increase of 143.5% from the December 31st total of 140,353 shares. Approximately 71.7% of the shares of the company are short sold. Based on an average daily volume of 11,528,264 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 11,528,264 shares, the short-interest ratio is presently 0.0 days. Approximately 71.7% of the shares of the company are short sold.

Institutional Trading of MKDWELL Tech

An institutional investor recently bought a new position in MKDWELL Tech stock. Citadel Advisors LLC purchased a new position in shares of MKDWELL Tech Inc. (NASDAQ:MKDW – Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 233,545 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned 1.26% of MKDWELL Tech as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 70.04% of the company’s stock.

MKDWELL Tech Stock Performance

Shares of NASDAQ MKDW traded down $0.20 during midday trading on Thursday, reaching $2.87. The company had a trading volume of 65,416 shares, compared to its average volume of 228,638. MKDWELL Tech has a 1 year low of $2.80 and a 1 year high of $36.00. The business’s 50-day simple moving average is $5.22 and its 200 day simple moving average is $5.91. The company has a current ratio of 1.30, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44.

MKDWELL Tech Company Profile

(Get Free Report)

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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