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

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) was the target of a large 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. Currently, 2.4% of the shares of the company are short sold. Based on an average trading volume of 47,500 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Truvestments Capital LLC lifted its holdings in M-tron Industries by 14.0% during the third quarter. Truvestments Capital LLC now owns 8,057 shares of the company’s stock valued at $336,000 after purchasing an additional 988 shares in the last quarter. Barclays PLC purchased a new position in shares of M-tron Industries in the third quarter valued at approximately $114,000. Geode Capital Management LLC lifted its stake in 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 during the last quarter. Janney Montgomery Scott LLC purchased a new position in M-tron Industries in the fourth quarter worth approximately $239,000. Finally, Illumine Investment Management LLC purchased a new stake in shares of M-tron Industries during the 4th quarter worth approximately $1,134,000. Institutional investors own 23.31% of the company’s stock.

M-tron Industries Stock Performance

M-tron Industries stock opened at $37.99 on Friday. The business has a 50-day simple moving average of $49.59. M-tron Industries has a twelve month low of $19.17 and a twelve month high of $59.25. The company has a market cap of $110.55 million, a P/E ratio of 19.00, a PEG ratio of 0.69 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.