M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Short Interest Down 18.7% in December

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

Institutional Investors Weigh In On M-tron Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Evernest Financial Advisors LLC bought a new position in shares of M-tron Industries during the third quarter valued at about $865,000. Barclays PLC bought a new position in shares of M-tron Industries during the 3rd quarter worth $114,000. Geode Capital Management LLC boosted its position in M-tron Industries by 18.6% during the third quarter. Geode Capital Management LLC now owns 23,706 shares of the company’s stock worth $989,000 after purchasing an additional 3,718 shares during the period. Finally, Truvestments Capital LLC grew its stake in M-tron Industries by 14.0% in the 3rd quarter. Truvestments Capital LLC now owns 8,057 shares of the company’s stock valued at $336,000 after buying an additional 988 shares in the last quarter. Institutional investors and hedge funds own 23.31% of the company’s stock.

M-tron Industries Stock Performance

M-tron Industries stock traded down $0.06 during mid-day trading on Friday, hitting $53.45. 2,406 shares of the stock were exchanged, compared to its average volume of 40,974. M-tron Industries has a 12 month low of $23.00 and a 12 month high of $71.10. The firm has a market cap of $153.41 million, a price-to-earnings ratio of 26.52, a PEG ratio of 0.76 and a beta of 1.17.

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.