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

M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Get Free Report) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 11,300 shares, a decrease 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 presently 0.2 days. Currently, 0.5% of the company's stock are sold short.

M-tron Industries Stock Up 3.6 %

MPTI stock traded up $1.51 during trading on Friday, hitting $43.04. 77,658 shares of the company's stock traded hands, compared to its average volume of 73,373. The stock has a market cap of $125.25 million, a PE ratio of 21.52, a price-to-earnings-growth ratio of 0.69 and a beta of 1.20. M-tron Industries has a 52 week low of $11.50 and a 52 week high of $46.15. The firm's fifty day moving average price is $47.62.

Hedge Funds Weigh In On M-tron Industries

A number of large investors have recently bought and sold shares of MPTI. Lazard Asset Management LLC bought a new position in shares of M-tron Industries during the fourth quarter worth about $81,000. Barclays PLC acquired a new stake in shares of M-tron Industries in the third quarter valued at approximately $114,000. Bank of America Corp DE raised its holdings in shares of 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 acquired a new position in shares of M-tron Industries during the fourth quarter worth approximately $225,000. Finally, Janney Montgomery Scott LLC bought a new position in M-tron Industries in the 4th quarter worth approximately $239,000. Institutional investors own 23.31% of the company's stock.

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About M-tron Industries

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.