Manitex International, Inc. (NASDAQ:MNTX – Get Free Report) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 4,400 shares, a drop of 25.4% from the July 15th total of 5,900 shares. Based on an average daily volume of 16,200 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold.
Institutional Investors Weigh In On Manitex International
Several institutional investors and hedge funds have recently modified their holdings of the stock. Royce & Associates LP raised its holdings in shares of Manitex International by 0.8% during the second quarter. Royce & Associates LP now owns 1,479,992 shares of the industrial products company’s stock worth $7,933,000 after purchasing an additional 12,257 shares during the period. WealthTrust Axiom LLC increased its stake in Manitex International by 0.4% in the 2nd quarter. WealthTrust Axiom LLC now owns 1,000,080 shares of the industrial products company’s stock worth $5,440,000 after purchasing an additional 4,300 shares in the last quarter. First Wilshire Securities Management Inc. boosted its stake in Manitex International by 3.7% in the 1st quarter. First Wilshire Securities Management Inc. now owns 957,754 shares of the industrial products company’s stock worth $4,990,000 after purchasing an additional 34,380 shares during the period. Cannell Capital LLC grew its holdings in shares of Manitex International by 3.7% during the first quarter. Cannell Capital LLC now owns 435,483 shares of the industrial products company’s stock valued at $2,269,000 after buying an additional 15,514 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its position in shares of Manitex International by 16.8% in the first quarter. Essex Investment Management Co. LLC now owns 291,807 shares of the industrial products company’s stock worth $1,520,000 after purchasing an additional 41,893 shares in the last quarter. Hedge funds and other institutional investors own 57.92% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on shares of Manitex International in a report on Sunday, August 6th. They set a “hold” rating for the company.
Manitex International Price Performance
MNTX stock opened at $5.05 on Friday. The stock has a market capitalization of $102.26 million, a price-to-earnings ratio of -56.10 and a beta of 0.68. Manitex International has a 52-week low of $3.48 and a 52-week high of $6.26. The company has a quick ratio of 0.63, a current ratio of 1.49 and a debt-to-equity ratio of 1.00. The stock’s fifty day simple moving average is $5.06 and its 200-day simple moving average is $5.08.
Manitex International Company Profile
Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, France, Chile, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.