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

Mill City Ventures III, Ltd. (NASDAQ:MCVT) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 4,700 shares, a decrease of 35.6% from the December 31st total of 7,300 shares. Based on an average trading volume of 81,900 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the company’s stock are short sold.

Mill City Ventures III Stock Up 18.1 %

Mill City Ventures III stock opened at $3.13 on Wednesday. Mill City Ventures III has a 1-year low of $1.75 and a 1-year high of $3.88. The firm’s fifty day moving average price is $2.24 and its two-hundred day moving average price is $2.38.

Mill City Ventures III (NASDAQ:MCVT) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.04 earnings per share for the quarter. Mill City Ventures III had a negative net margin of 12.15% and a positive return on equity of 1.44%. The company had revenue of $0.71 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.