Manitex International, Inc. (NASDAQ:MNTX) Short Interest Update

Manitex International, Inc. (NASDAQ:MNTX) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 45,200 shares, a decrease of 32.8% from the May 31st total of 67,300 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 77,100 shares, the short-interest ratio is currently 0.6 days.

Manitex International Trading Up 1.1 %

Shares of Manitex International stock opened at $4.46 on Friday. The stock has a market cap of $90.81 million, a P/E ratio of 9.49 and a beta of 0.82. The company has a quick ratio of 0.67, a current ratio of 1.57 and a debt-to-equity ratio of 0.84. Manitex International has a 12-month low of $3.72 and a 12-month high of $9.16. The business’s 50 day moving average is $5.72 and its 200-day moving average is $6.73.

Manitex International (NASDAQ:MNTX) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.12. The firm had revenue of $73.34 million for the quarter, compared to analyst estimates of $71.01 million. Manitex International had a net margin of 3.23% and a return on equity of 18.93%. Equities research analysts predict that Manitex International will post 0.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Manitex International

Several hedge funds have recently bought and sold shares of MNTX. Russell Investments Group Ltd. bought a new stake in Manitex International in the fourth quarter valued at approximately $27,000. My Personal CFO LLC acquired a new stake in Manitex International during the 4th quarter valued at $87,000. Ritholtz Wealth Management bought a new position in Manitex International during the fourth quarter worth $111,000. Cutter & CO Brokerage Inc. acquired a new position in shares of Manitex International in the first quarter valued at $128,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Manitex International by 20.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company’s stock valued at $237,000 after purchasing an additional 5,853 shares during the period. 46.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Manitex International from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th.

Manitex International Company Profile

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, 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.