Mill City Ventures III, Ltd. (NASDAQ:MCVT) Sees Large Increase in Short Interest

Mill City Ventures III, Ltd. (NASDAQ:MCVT) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 7,300 shares, an increase of 508.3% from the November 30th total of 1,200 shares. Based on an average trading volume of 14,900 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.4% of the shares of the stock are sold short.

Mill City Ventures III Stock Up 3.1 %

NASDAQ MCVT traded up $0.06 on Thursday, reaching $1.97. The company had a trading volume of 2,857 shares, compared to its average volume of 18,365. The firm’s 50 day moving average price is $2.00 and its 200 day moving average price is $2.42. Mill City Ventures III has a 12 month low of $1.75 and a 12 month high of $3.88. The stock has a market capitalization of $12.58 million, a PE ratio of -28.14 and a beta of 0.26.

Mill City Ventures III Company Profile

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.