Manitex International, Inc. (NASDAQ:MNTX) Short Interest Up 25.0% in October

Manitex International, Inc. (NASDAQ:MNTX - Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 129,000 shares, a growth of 25.0% from the October 15th total of 103,200 shares. Based on an average daily trading volume, of 302,200 shares, the short-interest ratio is presently 0.4 days. Approximately 0.8% of the shares of the company are short sold.

Institutional Investors Weigh In On Manitex International

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. De Lisle Partners LLP grew its stake in Manitex International by 359.3% during the third quarter. De Lisle Partners LLP now owns 1,202,466 shares of the industrial products company's stock valued at $6,776,000 after acquiring an additional 940,670 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its position in shares of Manitex International by 0.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company's stock worth $4,064,000 after buying an additional 2,871 shares in the last quarter. First Eagle Investment Management LLC grew its position in Manitex International by 2.9% during the second quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company's stock worth $1,356,000 after buying an additional 8,500 shares in the last quarter. Ancora Advisors LLC raised its holdings in shares of Manitex International by 95.1% in the 1st quarter. Ancora Advisors LLC now owns 172,429 shares of the industrial products company's stock valued at $1,183,000 after acquiring an additional 84,029 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Manitex International by 13.1% in the second quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company's stock worth $629,000 after purchasing an additional 16,433 shares during the last quarter. Institutional investors own 46.01% of the company's stock.

Manitex International Stock Performance

Shares of MNTX traded up $0.02 during trading hours on Friday, hitting $5.73. The company's stock had a trading volume of 269,067 shares, compared to its average volume of 140,537. The company has a market cap of $116.89 million, a price-to-earnings ratio of 12.46 and a beta of 0.77. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66. The business has a 50 day simple moving average of $5.52 and a two-hundred day simple moving average of $5.18. Manitex International has a 52-week low of $3.07 and a 52-week high of $9.16.

Wall Street Analysts Forecast Growth

MNTX has been the subject of a number of research reports. StockNews.com assumed coverage on shares of Manitex International in a research report on Monday. They set a "hold" rating for the company. Northland Capmk lowered Manitex International from a "strong-buy" rating to a "hold" rating in a report on Friday, September 13th. Finally, Northland Securities restated a "market perform" rating and issued a $5.80 target price (down from $8.00) on shares of Manitex International in a research note on Friday, September 13th.

About Manitex International

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.