MKDWELL Tech Inc. (NASDAQ:MKDW) Stock Short Interest Report for October

MKDWELL Tech Inc. (NASDAQ:MKDW) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 6,823 shares, a drop of 84.3% from the September 30th total of 43,457 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 88,239 shares, the days-to-cover ratio is presently 0.1 days.

MKDWELL Tech Trading Down 36.8%

NASDAQ MKDW traded down $0.15 on Tuesday, reaching $0.26. 12,608,247 shares of the stock traded hands, compared to its average volume of 302,676. MKDWELL Tech has a 12 month low of $0.25 and a 12 month high of $12.94. The company has a fifty day moving average price of $5.45 and a 200-day moving average price of $6.57.

MKDWELL Tech (NASDAQ:MKDW) last posted its quarterly earnings results on Tuesday, September 8th. The company reported ($0.82) earnings per share (EPS) for the quarter. The firm had revenue of $0.77 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of MKDWELL Tech from a “sell (d-)” rating to a “sell (e-)” rating in a research note on Friday, October 9th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.