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

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

MKDWELL Tech Stock Performance

Shares of NASDAQ MKDW opened at $0.14 on Wednesday. The stock’s 50-day simple moving average is $2.79 and its two-hundred day simple moving average is $6.29. MKDWELL Tech has a twelve month low of $0.11 and a twelve month high of $12.94.

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

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of 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. Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.