MKDWELL Tech Inc. (NASDAQ:MKDW) Shares Shorted: Short Interest Up 5,709.3% in October

MKDWELL Tech Inc. (NASDAQ:MKDW) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 396,367 shares, an increase of 5,709.3% from the October 15th total of 6,823 shares. Based on an average daily trading volume, of 3,955,487 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.5% of the shares of the company are short sold.

MKDWELL Tech Price Performance

Shares of MKDW traded down $0.01 during mid-day trading on Tuesday, hitting $0.14. 3,363,649 shares of the company’s stock were exchanged, compared to its average volume of 555,310. MKDWELL Tech has a fifty-two week low of $0.11 and a fifty-two week high of $12.94. The business’s 50 day moving average is $2.79 and its two-hundred day moving average is $6.29.

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

Wall Street Analyst Weigh In

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

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.