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

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 11,300 shares, a decline of 80.4% from the February 28th total of 57,600 shares. Based on an average trading volume of 47,300 shares, the short-interest ratio is presently 0.2 days. Approximately 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MPTI. Truvestments Capital LLC raised its position in M-tron Industries by 14.0% in the 3rd quarter. Truvestments Capital LLC now owns 8,057 shares of the company’s stock worth $336,000 after purchasing an additional 988 shares during the last quarter. Barclays PLC acquired a new stake in shares of M-tron Industries in the 3rd quarter valued at $114,000. Geode Capital Management LLC increased its stake in shares of M-tron Industries by 18.6% in the 3rd 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. Janney Montgomery Scott LLC bought a new stake in shares of M-tron Industries during the fourth quarter worth $239,000. Finally, Illumine Investment Management LLC acquired a new position in shares of M-tron Industries during the fourth quarter valued at $1,134,000. Institutional investors and hedge funds own 23.31% of the company’s stock.

M-tron Industries Stock Down 3.7 %

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

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.