Short Interest in M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Declines By 18.7%

M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Get Free Report) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 52,700 shares, a decrease of 18.7% from the December 15th total of 64,800 shares. Based on an average daily volume of 43,200 shares, the days-to-cover ratio is currently 1.2 days. Currently, 2.2% of the shares of the company are short sold.

M-tron Industries Stock Performance

NYSEAMERICAN MPTI traded up $1.91 during trading on Friday, reaching $55.42. The company's stock had a trading volume of 29,071 shares, compared to its average volume of 37,713. M-tron Industries has a twelve month low of $23.00 and a twelve month high of $71.10. The firm has a market cap of $159.06 million, a PE ratio of 27.71, a P/E/G ratio of 0.76 and a beta of 1.17.

Hedge Funds Weigh In On M-tron Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. Evernest Financial Advisors LLC purchased a new stake in M-tron Industries in the 3rd quarter valued at approximately $865,000. Barclays PLC purchased a new stake in shares of M-tron Industries in the third quarter valued at approximately $114,000. Geode Capital Management LLC grew its holdings in M-tron Industries by 18.6% during the third quarter. Geode Capital Management LLC now owns 23,706 shares of the company's stock worth $989,000 after acquiring an additional 3,718 shares during the period. Truvestments Capital LLC raised its position in M-tron Industries by 14.0% in the third quarter. Truvestments Capital LLC now owns 8,057 shares of the company's stock worth $336,000 after acquiring an additional 988 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in M-tron Industries in the fourth quarter worth $239,000. 23.31% of the stock is currently owned by hedge funds and other institutional investors.

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.