Mill City Ventures III, Ltd. (NASDAQ:MCVT) Short Interest Up 508.3% in December

Mill City Ventures III, Ltd. (NASDAQ:MCVT) saw 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 daily trading volume, of 14,900 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.4% of the shares of the company are sold short.

Mill City Ventures III Trading Up 3.1 %

MCVT stock traded up $0.06 during midday trading on Thursday, reaching $1.97. 2,857 shares of the company’s stock traded hands, compared to its average volume of 18,365. Mill City Ventures III has a 52-week low of $1.75 and a 52-week high of $3.88. The stock has a market cap of $12.58 million, a P/E ratio of -28.14 and a beta of 0.26. The stock’s 50-day moving average is $2.00 and its 200 day moving average is $2.42.

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.