MKDWELL Tech Inc. (NASDAQ:MKDW) Short Interest Up 143.5% in January

MKDWELL Tech Inc. (NASDAQ:MKDW) saw a significant 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 stock 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 stock are short sold.

Institutional Investors Weigh In On MKDWELL Tech

A hedge fund recently bought a new stake in MKDWELL Tech stock. Citadel Advisors LLC acquired a new position in MKDWELL Tech Inc. (NASDAQ:MKDW) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 quarter. Institutional investors own 70.04% of the company’s stock.

MKDWELL Tech Stock Performance

MKDW stock traded up $0.25 during midday trading on Friday, reaching $3.12. The company had a trading volume of 123,176 shares, compared to its average volume of 232,979. The firm has a 50-day moving average price of $5.18 and a 200-day moving average price of $5.89. MKDWELL Tech has a 1 year low of $2.80 and a 1 year high of $36.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.30 and a quick ratio of 1.28.

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.