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

M-tron Industries, Inc. (NYSEAMERICAN:MPTIGet Free Report) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 144,700 shares, an increase of 44.6% from the January 15th total of 100,100 shares. Currently, 6.6% of the shares of the company are sold short. Based on an average daily volume of 89,000 shares, the days-to-cover ratio is presently 1.6 days.

M-tron Industries Stock Performance

NYSEAMERICAN MPTI opened at $38.08 on Tuesday. M-tron Industries has a 1 year low of $9.53 and a 1 year high of $43.41. The company has a market capitalization of $106.24 million, a price-to-earnings ratio of 29.07, a PEG ratio of 0.61 and a beta of 0.25.

Insider Buying and Selling at M-tron Industries

In related news, major shareholder Madonna Educational Founda Emg sold 58,542 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $36.40, for a total value of $2,130,928.80. Following the completion of the transaction, the insider now directly owns 221,210 shares of the company’s stock, valued at approximately $8,052,044. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Michael J. Ferrantino, Jr. sold 3,500 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $31.42, for a total transaction of $109,970.00. Following the sale, the chief executive officer now directly owns 19,611 shares in the company, valued at $616,177.62. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Madonna Educational Founda Emg sold 58,542 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $36.40, for a total transaction of $2,130,928.80. Following the completion of the sale, the insider now directly owns 221,210 shares in the company, valued at $8,052,044. The disclosure for this sale can be found here. Insiders have sold a total of 208,345 shares of company stock valued at $7,646,355 over the last three months. 19.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MPTI. Gamco Investors INC. ET AL bought a new stake in M-tron Industries during the fourth quarter valued at $2,087,000. Renaissance Technologies LLC purchased a new stake in shares of M-tron Industries in the 4th quarter valued at about $683,000. Dimensional Fund Advisors LP bought a new stake in shares of M-tron Industries during the 4th quarter valued at about $443,000. Mcintyre Freedman & Flynn Investment Advisers Inc. purchased a new position in shares of M-tron Industries during the fourth quarter worth about $252,000. Finally, Geode Capital Management LLC purchased a new position in shares of M-tron Industries during the second quarter worth about $141,000. Institutional investors own 22.13% of the company’s stock.

M-tron Industries Company Profile

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M-tron Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and marketing of frequency and spectrum control products. 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.

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