MKDWELL Tech Inc. (NASDAQ:MKDW) Stock Short Interest Report for October

MKDWELL Tech Inc. (NASDAQ:MKDW) was the recipient of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 396,367 shares, a growth of 5,709.3% from the October 15th total of 6,823 shares. Based on an average daily trading volume, of 3,955,487 shares, the short-interest ratio is presently 0.1 days. Approximately 1.5% of the shares of the company are short sold.

MKDWELL Tech Stock Up 8.8%

Shares of MKDWELL Tech stock opened at $0.15 on Thursday. MKDWELL Tech has a 1 year low of $0.11 and a 1 year high of $12.94. The stock has a fifty day moving average price of $2.57 and a 200-day moving average price of $6.27.

MKDWELL Tech (NASDAQ:MKDW) last released its earnings results on Tuesday, September 8th. The company reported ($0.82) EPS for the quarter. The firm had revenue of $0.77 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered MKDWELL Tech from a “sell (d-)” rating to a “sell (e-)” rating in a report on Friday, October 9th. One equities research analyst has rated the stock with a Sell rating. According to 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.