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

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 11,300 shares, a decrease of 80.4% from the February 28th total of 57,600 shares. Based on an average daily volume of 47,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.5% of the company’s shares are short sold.

M-tron Industries Trading Down 3.7 %

Shares of MPTI stock traded down $1.64 on Wednesday, reaching $42.95. The company had a trading volume of 88,518 shares, compared to its average volume of 73,840. The firm has a market capitalization of $124.98 million, a PE ratio of 21.48, a PEG ratio of 0.69 and a beta of 1.20. The stock’s 50-day simple moving average is $47.99. M-tron Industries has a 12 month low of $11.50 and a 12 month high of $46.15.

Institutional Investors Weigh In On M-tron Industries

Large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in shares of M-tron Industries in the fourth quarter worth about $239,000. Barclays PLC acquired a new position in shares of M-tron Industries in the 3rd quarter valued at approximately $114,000. Geode Capital Management LLC increased its stake in M-tron Industries by 18.6% during the 3rd 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 in the last quarter. Illumine Investment Management LLC acquired a new stake in M-tron Industries during the 4th quarter worth approximately $1,134,000. Finally, Truvestments Capital LLC raised its holdings in M-tron Industries by 4.1% during the 4th quarter. Truvestments Capital LLC now owns 8,387 shares of the company’s stock worth $406,000 after buying an additional 330 shares during the period. Institutional investors own 23.31% of the company’s stock.

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.