Manitex International, Inc. (NASDAQ:MNTX) Short Interest Down 47.0% in March

Manitex International, Inc. (NASDAQ:MNTX – Get Rating) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 10,600 shares, a decline of 47.0% from the March 15th total of 20,000 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are short sold.

A number of hedge funds and other institutional investors have recently bought and sold shares of MNTX. Barclays PLC lifted its stake in Manitex International by 1,065.0% in the 3rd quarter. Barclays PLC now owns 4,753 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 4,345 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Manitex International by 3,092.3% during the 2nd quarter. Wells Fargo & Company MN now owns 6,193 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 5,999 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Manitex International by 195.2% during the 4th quarter. First Eagle Investment Management LLC now owns 64,607 shares of the industrial products company’s stock valued at $411,000 after purchasing an additional 42,723 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Manitex International by 2.4% during the 4th quarter. BlackRock Inc. now owns 77,834 shares of the industrial products company’s stock valued at $495,000 after purchasing an additional 1,809 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Manitex International by 11.7% during the 3rd quarter. Renaissance Technologies LLC now owns 84,840 shares of the industrial products company’s stock valued at $609,000 after purchasing an additional 8,900 shares during the last quarter. Institutional investors and hedge funds own 47.76% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Manitex International from a “sell” rating to a “hold” rating in a report on Thursday, February 3rd.

MNTX stock traded up $0.20 during trading on Friday, reaching $7.69. The stock had a trading volume of 4,771 shares, compared to its average volume of 10,152. Manitex International has a one year low of $5.58 and a one year high of $9.00. The company has a quick ratio of 0.69, a current ratio of 1.48 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average is $7.55 and its two-hundred day moving average is $6.95. The company has a market capitalization of $153.34 million, a price-to-earnings ratio of -33.43, a P/E/G ratio of 6.99 and a beta of 0.89.

Manitex International (NASDAQ:MNTX – Get Rating) last announced its quarterly earnings results on Tuesday, March 8th. The industrial products company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.05). Manitex International had a negative net margin of 2.16% and a positive return on equity of 0.36%. The business had revenue of $53.39 million for the quarter, compared to analysts’ expectations of $55.30 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. As a group, research analysts predict that Manitex International will post 0.11 earnings per share for the current fiscal year.

Manitex International Company Profile (Get Rating)

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, France, Chile, and internationally. It designs, manufactures, and distributes products that are used in various industries. The company also offers boom trucks, truck cranes, aerial platforms, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction.

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