Short Interest in M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Rises By 41.9%

M-tron Industries, Inc. (NYSEAMERICAN:MPTI - Get Free Report) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 57,600 shares, a growth of 41.9% from the February 13th total of 40,600 shares. Based on an average daily volume of 47,500 shares, the short-interest ratio is presently 1.2 days. Currently, 2.4% of the company's stock are sold short.

M-tron Industries Stock Up 0.1 %

Shares of M-tron Industries stock traded up $0.03 on Thursday, reaching $38.00. The stock had a trading volume of 17,465 shares, compared to its average volume of 77,338. M-tron Industries has a 1 year low of $11.50 and a 1 year high of $41.44. The firm's 50 day moving average price is $48.83. The stock has a market cap of $110.58 million, a PE ratio of 19.00, a P/E/G ratio of 0.69 and a beta of 1.20.

Hedge Funds Weigh In On M-tron Industries

Several institutional investors and hedge funds have recently bought and sold shares of the company. Next Century Growth Investors LLC acquired a new position in shares of M-tron Industries during the fourth quarter valued at about $4,560,000. Palisades Investment Partners LLC increased its stake in M-tron Industries by 9.8% during the 4th quarter. Palisades Investment Partners LLC now owns 62,960 shares of the company's stock valued at $3,049,000 after purchasing an additional 5,640 shares in the last quarter. G2 Investment Partners Management LLC purchased a new position in shares of M-tron Industries in the fourth quarter worth $2,235,000. Renaissance Technologies LLC lifted its stake in shares of M-tron Industries by 139.7% during the fourth quarter. Renaissance Technologies LLC now owns 39,805 shares of the company's stock worth $1,928,000 after buying an additional 23,200 shares during the period. Finally, Walleye Capital LLC purchased a new stake in shares of M-tron Industries during the fourth quarter valued at $1,844,000. 23.31% of the stock is owned by hedge funds and other institutional investors.

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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.