Short Interest in Mill City Ventures III, Ltd. (NASDAQ:MCVT) Drops By 39.4%

Mill City Ventures III, Ltd. (NASDAQ:MCVT) saw a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 6,300 shares, a decline of 39.4% from the October 15th total of 10,400 shares. Based on an average daily volume of 48,400 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the company’s shares are sold short.

Mill City Ventures III Trading Down 0.5 %

MCVT stock opened at $1.95 on Friday. The business’s fifty day moving average price is $2.31 and its 200 day moving average price is $2.56. Mill City Ventures III has a 12-month low of $1.86 and a 12-month high of $3.88. The company has a market capitalization of $12.46 million, a PE ratio of -27.85 and a beta of 0.29.

Mill City Ventures III (NASDAQ:MCVT) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.07 earnings per share (EPS) for the quarter. Mill City Ventures III had a negative net margin of 12.15% and a positive return on equity of 1.46%. The company had revenue of $0.89 million for the quarter.

About Mill City Ventures III

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.