QualTek Services Inc. (NASDAQ:QTEKW – Get Rating) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 5,000 shares, a decline of 27.5% from the November 30th total of 6,900 shares. Based on an average trading volume of 3,700 shares, the days-to-cover ratio is presently 1.4 days.

QualTek Services Stock Performance

NASDAQ QTEKW traded down $0.04 on Friday, reaching $0.04. The stock had a trading volume of 68,331 shares, compared to its average volume of 13,897. The firm has a fifty day moving average of $0.13 and a two-hundred day moving average of $0.19. QualTek Services has a 1-year low of $0.03 and a 1-year high of $1.28.

Institutional Trading of QualTek Services

An institutional investor recently bought a new position in QualTek Services stock. Nantahala Capital Management LLC acquired a new position in shares of QualTek Services Inc. (NASDAQ:QTEKW – Get Rating) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 96,244 shares of the company's stock, valued at approximately $56,000.

QualTek Services Company Profile

QualTek Services Inc provides communications infrastructure services and renewables solutions to telecommunications and utilities industries in North America. The company operates through two segments, Telecom, and Renewables and Recovery Logistics. The Telecom segment performs site acquisition, engineering, project management, installation, testing, last mile installation, and maintenance solutions of communication infrastructure for telecommunication and cable providers, businesses, public venues, government facilities, and residential subscribers.

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