MKDWELL Tech Inc. (NASDAQ:MKDW) Short Interest Down 49.8% in June

MKDWELL Tech Inc. (NASDAQ:MKDW) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 6,825 shares, a decline of 49.8% from the June 15th total of 13,585 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 38,621 shares, the short-interest ratio is currently 0.2 days.

MKDWELL Tech Trading Up 0.7%

Shares of MKDW traded up $0.08 during mid-day trading on Wednesday, hitting $11.58. 10,612 shares of the company were exchanged, compared to its average volume of 134,422. 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 $9.25 and a 200-day moving average of $6.14. The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 0.60.

Hedge Funds 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 13F filing with the Securities & Exchange Commission. The firm bought 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. 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.