Maris-Tech Ltd. (NASDAQ:MTEKW) Short Interest Up 766.7% in September

Maris-Tech Ltd. (NASDAQ:MTEKW) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 5,200 shares, an increase of 766.7% from the August 31st total of 600 shares. Based on an average daily volume of 19,500 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 19,500 shares, the days-to-cover ratio is presently 0.3 days.

Maris-Tech Trading Down 5.0%

MTEKW stock opened at $0.19 on Friday. The company has a 50 day simple moving average of $0.34 and a 200 day simple moving average of $0.28. Maris-Tech has a 1 year low of $0.09 and a 1 year high of $1.88.

Hedge Funds Weigh In On Maris-Tech

A hedge fund recently raised its stake in Maris-Tech stock. Warberg Asset Management LLC raised its holdings in Maris-Tech Ltd. (NASDAQ:MTEKW) by 29.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 243,350 shares of the company’s stock after acquiring an additional 54,991 shares during the quarter. Warberg Asset Management LLC’s holdings in Maris-Tech were worth $30,000 as of its most recent SEC filing.

About Maris-Tech

Maris-Tech Ltd. designs and manufactures digital video and audio hardware and software solutions for the professionals, civilian and home security, and defense and homeland security markets in Israel, the United Kingdom, Australia, the United States, and internationally. The company offers low latency video encoding and decoding platform to handle multiple video channels; dual channel low power encoder systems; miniature recording and streaming platforms; miniature intelligent video surveillance solutions; power and modular video encoding/decoding platform; and ultra-low-latency streaming solutions.