Short Interest in M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Drops By 80.4%

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 11,300 shares, a decline of 80.4% from the February 28th total of 57,600 shares. Based on an average trading volume of 47,300 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Trading of M-tron Industries

Hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC purchased a new position in shares of M-tron Industries during the fourth quarter valued at approximately $81,000. Barclays PLC bought a new position in M-tron Industries during the 3rd quarter valued at approximately $114,000. Bank of America Corp DE raised its stake in M-tron Industries by 152.7% during the fourth quarter. Bank of America Corp DE now owns 4,596 shares of the company’s stock valued at $223,000 after buying an additional 2,777 shares during the last quarter. Northern Trust Corp bought a new stake in M-tron Industries in the fourth quarter worth $225,000. Finally, Janney Montgomery Scott LLC bought a new stake in M-tron Industries in the fourth quarter worth $239,000. Institutional investors own 23.31% of the company’s stock.

M-tron Industries Stock Performance

Shares of NYSEAMERICAN MPTI traded down $2.08 during mid-day trading on Thursday, hitting $40.87. 102,964 shares of the stock traded hands, compared to its average volume of 74,016. The company has a market capitalization of $118.93 million, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 0.69 and a beta of 1.20. The stock has a fifty day moving average of $47.99. M-tron Industries has a 52 week low of $11.50 and a 52 week high of $46.15.

M-tron Industries Company Profile

M-tron Industries, Inc engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company's products include radio frequency, microwave, and millimeter wave filters; cavity, crystal, ceramic, lumped element, and switched filters; high frequency and performance OCXOs, integrated PLL OCXOs, TCXOs, VCXOs, and low jitter and harsh environment oscillators; crystal resonators, integrated microwave assemblies; and solid-state power amplifier products.