MTEN is dropping some big updates and making some pretty big headway on major expansions. It was recently overly shorted by panic selling and diluted slightly.
So it looks absolutely horrible on the chart. But It has since found a floor.
With these rapid growths maybe 3 cents is a bargain for some people. They have yet to announce any intentions to collect on a share consolidation. Signaling at the moment confidence in a natural return.
Worth adding to your watchlist before it potentially soars - or falls. Who knows. Just posting an opportunity.
Shorted stock that’s a real company and growing.
I had thought it was a P&D but this one is a legitimate operation. Albeit Chinese.
https://www.quiverquant.com/news/Mingteng%2BInternational%2BCorporation%2BCompletes%2BRelocation%2Bto%2BNew%2BProduction%2BFacility%2C%2BEnhancing%2BCapacity%2Band%2BGrowth%2BPotential?utm_source=chatgpt.com
https://www.quiverquant.com/news/Mingteng%2BInternational%2BCorporation%2BCompletes%2BRelocation%2Bto%2BNew%2BProduction%2BFacility%2C%2BEnhancing%2BCapacity%2Band%2BGrowth%2BPotential?utm_source=chatgpt.com