Short Interest in Mill City Ventures III, Ltd. (NASDAQ:MCVT) Increases By 711.0%

Mill City Ventures III, Ltd. (NASDAQ:MCVT) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 88,400 shares, an increase of 711.0% from the February 13th total of 10,900 shares. Based on an average daily trading volume, of 267,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 4.9% of the shares of the company are sold short.

Mill City Ventures III Price Performance

Shares of Mill City Ventures III stock traded up $0.11 during midday trading on Wednesday, hitting $1.92. The company had a trading volume of 164,876 shares, compared to its average volume of 99,431. Mill City Ventures III has a 1-year low of $1.65 and a 1-year high of $3.88. The business’s 50 day simple moving average is $2.41 and its two-hundred day simple moving average is $2.29. The stock has a market cap of $12.23 million, a PE ratio of -27.35 and a beta of 0.56.

Mill City Ventures III (NASDAQ:MCVT) last posted its quarterly earnings data on Monday, March 10th. The company reported $0.01 earnings per share (EPS) for the quarter. Mill City Ventures III had a negative net margin of 12.15% and a positive return on equity of 1.44%. The company had revenue of $0.87 million for the quarter.

Mill City Ventures III Company Profile

Mill City Ventures III, Ltd. is a principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. It primarily focuses on investing in, lending to, and making managerial assistance available to privately held and publicly traded companies.