MKDWELL Tech Inc. (NASDAQ:MKDW) Short Interest Update

MKDWELL Tech Inc. (NASDAQ:MKDW) was the recipient of a significant 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 trading volume of 1,421 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.1% of the company’s shares are short sold.

MKDWELL Tech Price Performance

Shares of MKDW stock traded down $0.88 on Friday, reaching $10.55. The company had a trading volume of 857 shares, compared to its average volume of 1,511. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.23. The company has a 50-day moving average of $11.41 and a 200-day moving average of $7.79. MKDWELL Tech has a 12 month low of $1.71 and a 12 month high of $12.94.

Hedge Funds Weigh In On MKDWELL Tech

An institutional investor recently bought a new stake in MKDWELL Tech stock. Citadel Advisors LLC purchased a new position in MKDWELL Tech Inc. (NASDAQ:MKDW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 233,545 shares of the company’s stock, valued at approximately $50,000. Citadel Advisors LLC owned 1.26% of MKDWELL Tech as of its most recent filing with the Securities and Exchange Commission (SEC). 70.04% of the stock is owned by hedge funds and other institutional investors.

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.