Short Interest in MKDWELL Tech Inc. (NASDAQ:MKDW) Declines By 35.5%

MKDWELL Tech Inc. (NASDAQ:MKDW) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 13,585 shares, a decrease of 35.5% from the May 31st total of 21,052 shares. Based on an average trading volume of 8,884 shares, the short-interest ratio is currently 1.5 days. Currently, 0.4% of the company’s stock are sold short.

MKDWELL Tech Trading Down 0.3%

Shares of NASDAQ:MKDW opened at $11.87 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.23 and a quick ratio of 1.21. The stock has a 50 day moving average price of $8.42 and a 200-day moving average price of $5.75. MKDWELL Tech has a 52-week low of $1.71 and a 52-week high of $12.29.

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 position in MKDWELL Tech Inc. (NASDAQ:MKDW) in the third quarter, according to the company in its most recent filing with the Securities & 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. 70.04% of the stock is owned by institutional investors and hedge funds.

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.