MKDWELL Tech Inc. (NASDAQ:MKDW) Sees Large Growth in Short Interest

MKDWELL Tech Inc. (NASDAQ:MKDW) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 17,292 shares, a growth of 44.0% from the February 26th total of 12,006 shares. Based on an average daily trading volume, of 65,670 shares, the short-interest ratio is presently 0.3 days. Approximately 0.6% of the shares of the company are sold short.

MKDWELL Tech Price Performance

NASDAQ MKDW traded down $2.99 during trading hours on Friday, hitting $4.81. The company’s stock had a trading volume of 357,953 shares, compared to its average volume of 442,167. MKDWELL Tech has a 12 month low of $1.71 and a 12 month high of $36.00. The company’s 50 day simple moving average is $2.81 and its two-hundred day simple moving average is $4.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.30 and a quick ratio of 1.28.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MKDWELL Tech stock. Citadel Advisors LLC bought a new position 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 about 1.26% of MKDWELL Tech at the end of the most recent quarter. Institutional investors and hedge funds own 70.04% of the company’s stock.

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.