MKDWELL Tech Inc. (NASDAQ:MKDW) Stock Short Interest Drops 84.3%

MKDWELL Tech Inc. (NASDAQ:MKDW) was the target of a significant drop in short interest in 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. Based on an average daily trading volume, of 88,239 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

MKDWELL Tech Stock Down 30.9%

MKDWELL Tech stock traded down $0.08 during midday trading on Wednesday, hitting $0.18. The stock had a trading volume of 4,066,973 shares, compared to its average volume of 332,733. The business has a fifty day moving average price of $4.78 and a 200 day moving average price of $6.50. MKDWELL Tech has a 12 month low of $0.16 and a 12 month high of $12.94.

MKDWELL Tech (NASDAQ:MKDW) last released its earnings results on Tuesday, September 8th. The company reported ($0.82) EPS for the quarter. The business 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 report on Friday, October 9th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average 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.