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

MKDWELL Tech Inc. (NASDAQ:MKDW) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 6,823 shares, a decline of 84.3% from the September 30th total of 43,457 shares. Based on an average trading volume of 88,239 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded 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. According to data from MarketBeat.com, MKDWELL Tech currently has an average rating of “Sell”.

MKDWELL Tech Price Performance

Shares of NASDAQ:MKDW traded up $0.01 during trading on Thursday, hitting $0.19. 1,882,326 shares of the stock traded hands, compared to its average volume of 340,685. The company has a fifty day moving average price of $4.78 and a two-hundred day moving average price of $6.50. MKDWELL Tech has a 52-week low of $0.15 and a 52-week high of $12.94.

MKDWELL Tech (NASDAQ:MKDW) last posted 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.

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.