Short-term stake in Mason Industrial Technology, Inc. (NYSE: MIT) increases 57.1%


Mason Industrial Technology, Inc. (NYSE: MIT – Get Rating) saw significant growth in short-term interest during the month of May. As of May 15, there were short interests totaling 16,500 shares, a growth of 57.1% from the total of 10,500 shares as of April 30. Based on an average daily volume of 200,800 shares, the day-to-cover ratio is currently 0.1 day. Approximately 0.0% of the company’s shares are sold short.

Shares of Mason Industrial Technology rose $0.01 on Friday, hitting $9.78. The stock had trading volume of 578,852 shares, compared to an average trading volume of 251,708. Mason Industrial Technology has a 12-month low of $9.41 and a 12-month high of $9.85. The company’s 50-day moving average is $9.77 and its two-hundred-day moving average is $9.75.

A number of large investors have recently changed their stock holdings. Hsbc Holdings PLC increased its position in Mason Industrial Technology by 1.9% in the first quarter. Hsbc Holdings PLC now owns 1,736,681 shares of the company worth $16,967,000 after buying 32,835 additional shares last quarter. Berkley WR Corp increased its stake in Mason Industrial Technology by 60.0% during the third quarter. Berkley WR Corp now owns 550,205 shares of the company worth $5,359,000 after purchasing an additional 206,330 shares in the last quarter. Oribel Capital Management LP increased its stake in Mason Industrial Technology by 22.1% during the fourth quarter. Oribel Capital Management LP now owns 508,002 shares of the company worth $4,958,000 after purchasing an additional 91,832 shares in the last quarter. Spartan Fund Management Inc. acquired a new stake in Mason Industrial Technology during the first quarter valued at $2,442,000. Finally, Kawa Capital Management Inc acquired a new stake in Mason Industrial Technology during the fourth quarter at a value of $1,801,000. 61.42% of the shares are currently held by institutional investors and hedge funds.

Mason Industrial Technology Company Profile (Get a rating)

Mason Industrial Technology, Inc. has no significant operations. It focuses on completing a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or several companies. The company intends to identify business opportunities in the field of industrial technology, advanced materials or specialty chemicals.

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