Short Interest in MKDWELL Tech Inc. (NASDAQ:MKDW) Grows By 537.8%

MKDWELL Tech Inc. (NASDAQ:MKDW) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 110,286 shares, an increase of 537.8% from the March 15th total of 17,292 shares. Based on an average daily volume of 769,684 shares, the short-interest ratio is presently 0.1 days. Currently, 4.0% of the company’s stock are short sold.

Hedge Funds Weigh In On MKDWELL Tech

An institutional investor recently bought a new position in MKDWELL Tech stock. Citadel Advisors LLC purchased a new stake in shares of MKDWELL Tech Inc. (NASDAQ:MKDW) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 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 Performance

MKDW traded up $1.02 during trading on Friday, hitting $8.10. 64,785 shares of the company’s stock traded hands, compared to its average volume of 476,696. The company’s 50 day simple moving average is $3.46 and its two-hundred day simple moving average is $4.87. MKDWELL Tech has a 12-month low of $1.71 and a 12-month high of $19.50.

MKDWELL Tech Company Profile

MKDWELL Tech Inc is an automotive electronics manufacturer. MKDWELL Tech Inc, formerly known as Cetus Capital Acquisition Corp., is based in New York.