Mill City Ventures III, Ltd. (NASDAQ:MCVT) Sees Significant Drop in Short Interest

Mill City Ventures III, Ltd. (NASDAQ:MCVT) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 2,900 shares, a decline of 54.0% from the October 31st total of 6,300 shares. Based on an average daily volume of 49,500 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

Mill City Ventures III Price Performance

Shares of MCVT stock traded up $0.05 during trading hours on Thursday, reaching $2.01. 2,012 shares of the company’s stock were exchanged, compared to its average volume of 19,788. Mill City Ventures III has a 1 year low of $1.75 and a 1 year high of $3.88. The company’s 50 day moving average is $2.12 and its two-hundred day moving average is $2.51. The company has a market cap of $12.80 million, a P/E ratio of -28.64 and a beta of 0.29.

Mill City Ventures III Company Profile

Mill City Ventures III, Ltd. is a principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth. It primarily focuses on investing in, lending to, and making managerial assistance available to privately held and publicly traded companies.