M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Short Interest Update

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

Institutional Investors Weigh In On M-tron Industries

A number of institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of M-tron Industries by 18.6% in 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 in the last quarter. Evernest Financial Advisors LLC acquired a new position in shares of M-tron Industries during the 3rd quarter valued at $865,000. Truvestments Capital LLC boosted its position in M-tron Industries by 14.0% during the 3rd quarter. Truvestments Capital LLC now owns 8,057 shares of the company's stock worth $336,000 after purchasing an additional 988 shares during the period. Janney Montgomery Scott LLC acquired a new stake in M-tron Industries in the 4th quarter valued at $239,000. Finally, Barclays PLC purchased a new position in M-tron Industries in the third quarter valued at about $114,000. Hedge funds and other institutional investors own 23.31% of the company's stock.

M-tron Industries Stock Performance

MPTI stock traded down $3.15 on Monday, reaching $55.75. The company had a trading volume of 30,553 shares, compared to its average volume of 37,355. M-tron Industries has a 1 year low of $23.00 and a 1 year high of $71.10. The firm has a market cap of $160.00 million, a P/E ratio of 27.88, a PEG ratio of 0.88 and a beta of 1.20.

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.