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

M-tron Industries, Inc. (NYSEAMERICAN:MPTI) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 52,700 shares, a decline of 18.7% from the December 31st total of 64,800 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average trading volume of 43,200 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On M-tron Industries

A number of hedge funds and other institutional investors have recently modified their holdings of MPTI. Geode Capital Management LLC raised its position in M-tron Industries by 18.6% in the 3rd quarter. Geode Capital Management LLC now owns 23,706 shares of the company’s stock worth $989,000 after purchasing an additional 3,718 shares during the period. Evernest Financial Advisors LLC purchased a new stake in M-tron Industries during the 3rd quarter valued at about $865,000. Truvestments Capital LLC grew its position in 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 last quarter. Janney Montgomery Scott LLC purchased a new position in M-tron Industries in the 4th quarter worth approximately $239,000. Finally, Barclays PLC bought a new stake in M-tron Industries in the third quarter valued at approximately $114,000. 23.31% of the stock is currently owned by hedge funds and other institutional investors.

M-tron Industries Trading Down 0.3 %

Shares of NYSEAMERICAN MPTI traded down $0.16 during midday trading on Thursday, hitting $57.37. 6,796 shares of the company’s stock were exchanged, compared to its average volume of 37,574. The firm has a market capitalization of $164.65 million, a price-to-earnings ratio of 28.83, a PEG ratio of 0.89 and a beta of 1.17. M-tron Industries has a 12-month low of $23.00 and a 12-month high of $71.10.

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.