MKDWELL Tech Inc. (NASDAQ:MKDW) Sees Significant Decrease in Short Interest

MKDWELL Tech Inc. (NASDAQ:MKDW) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 140,353 shares, a decline of 54.3% from the December 15th total of 306,796 shares. Based on an average daily volume of 157,046 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.0% of the company’s stock are sold short. Approximately 1.0% of the company’s stock are sold short. Based on an average daily volume of 157,046 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MKDWELL Tech stock. Citadel Advisors LLC acquired a new position in shares of MKDWELL Tech Inc. (NASDAQ:MKDW) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 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 reporting period. 70.04% of the stock is currently owned by institutional investors and hedge funds.

MKDWELL Tech Trading Up 3.0%

Shares of NASDAQ MKDW traded up $0.01 during midday trading on Wednesday, reaching $0.17. 697,745 shares of the company’s stock traded hands, compared to its average volume of 13,057,713. The stock’s 50 day simple moving average is $0.18 and its 200-day simple moving average is $0.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.30 and a quick ratio of 1.28. MKDWELL Tech has a one year low of $0.15 and a one year high of $1.20.

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.