M-tron Industries, Inc. (NYSEAMERICAN:MPTI) Short Interest Up 41.9% in February

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 57,600 shares, an increase of 41.9% from the February 13th total of 40,600 shares. Based on an average daily volume of 47,500 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On M-tron Industries

Large investors have recently modified their holdings of the stock. Palisades Investment Partners LLC boosted its stake in shares of M-tron Industries by 9.8% during the 4th quarter. Palisades Investment Partners LLC now owns 62,960 shares of the company’s stock valued at $3,049,000 after buying an additional 5,640 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of M-tron Industries in the 4th quarter worth approximately $397,000. Millennium Management LLC bought a new position in M-tron Industries during the 4th quarter worth $337,000. Lazard Asset Management LLC acquired a new stake in M-tron Industries in the fourth quarter worth $81,000. Finally, Janus Henderson Group PLC acquired a new stake in M-tron Industries in the fourth quarter worth $324,000. Institutional investors and hedge funds own 23.31% of the company’s stock.

M-tron Industries Stock Up 6.4 %

Shares of NYSEAMERICAN MPTI traded up $2.44 during midday trading on Monday, hitting $40.43. The stock had a trading volume of 52,739 shares, compared to its average volume of 46,893. M-tron Industries has a 1-year low of $19.17 and a 1-year high of $59.25. The company has a market cap of $117.65 million, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 0.69 and a beta of 1.20. The business has a fifty day moving average 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.