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

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

Hedge Funds Weigh In On M-tron Industries

Several institutional investors have recently modified their holdings of MPTI. Evernest Financial Advisors LLC purchased a new position in M-tron Industries in the third quarter valued at approximately $865,000. Janney Montgomery Scott LLC bought a new stake in shares of M-tron Industries in the fourth quarter valued at $239,000. Geode Capital Management LLC raised its stake in shares of M-tron Industries by 18.6% in the third quarter. Geode Capital Management LLC now owns 23,706 shares of the company’s stock valued at $989,000 after buying an additional 3,718 shares during the period. Barclays PLC purchased a new position in shares of M-tron Industries during the 3rd quarter valued at $114,000. Finally, Truvestments Capital LLC grew its stake in shares of M-tron Industries by 14.0% during the 3rd quarter. Truvestments Capital LLC now owns 8,057 shares of the company’s stock worth $336,000 after acquiring an additional 988 shares during the period. 23.31% of the stock is owned by institutional investors.

M-tron Industries Trading Up 3.6 %

NYSEAMERICAN MPTI traded up $1.91 during mid-day trading on Friday, hitting $55.42. The company’s stock had a trading volume of 29,071 shares, compared to its average volume of 37,713. M-tron Industries has a twelve month low of $23.00 and a twelve month high of $71.10. The company has a market cap of $159.06 million, a P/E ratio of 27.71, a PEG ratio of 0.76 and a beta of 1.17.

About M-tron Industries

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.