Short Interest in MKDWELL Tech Inc. (NASDAQ:MKDW) Drops By 52.4%

MKDWELL Tech Inc. (NASDAQ:MKDW) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 3,671 shares, a drop of 52.4% from the July 30th total of 7,716 shares. Based on an average daily volume of 1,421 shares, the short-interest ratio is currently 2.6 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On MKDWELL Tech

A hedge fund recently bought a new position in MKDWELL Tech stock. Citadel Advisors LLC bought a new stake in shares of MKDWELL Tech Inc. (NASDAQ:MKDW) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 233,545 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned 1.26% of MKDWELL Tech at the end of the most recent reporting period. Institutional investors and hedge funds own 70.04% of the company’s stock.

MKDWELL Tech Stock Down 7.7%

NASDAQ MKDW traded down $0.88 on Friday, reaching $10.55. The stock had a trading volume of 857 shares, compared to its average volume of 1,239. The company has a quick ratio of 1.21, a current ratio of 1.23 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $11.41 and a two-hundred day moving average price of $7.83. MKDWELL Tech has a 12-month low of $1.71 and a 12-month high of $12.94.

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.