M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Sees Large Increase in Short Interest

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 daily volume of 47,500 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On M-tron Industries

A number of large investors have recently modified their holdings of MPTI. Lazard Asset Management LLC acquired a new position in shares of M-tron Industries in the 4th quarter valued at about $81,000. Barclays PLC bought a new stake in M-tron Industries during the third quarter worth $114,000. Bank of America Corp DE lifted its position in shares of M-tron Industries by 152.7% during the fourth quarter. Bank of America Corp DE now owns 4,596 shares of the company’s stock valued at $223,000 after purchasing an additional 2,777 shares in the last quarter. Northern Trust Corp purchased a new stake in shares of M-tron Industries during the fourth quarter valued at approximately $225,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of M-tron Industries during the 4th quarter worth $239,000. Institutional investors and hedge funds own 23.31% of the company’s stock.

M-tron Industries Price Performance

MPTI stock traded up $2.44 during trading hours on Monday, hitting $40.43. 52,739 shares of the stock were exchanged, compared to its average volume of 46,893. M-tron Industries has a 12 month low of $19.17 and a 12 month high of $59.25. The firm has a market cap of $117.65 million, a price-to-earnings ratio of 20.22, a P/E/G ratio of 0.69 and a beta of 1.20. The firm has a 50-day moving average price of $49.37.

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.