Maris-Tech Ltd. (NASDAQ:MTEK) Short Interest Up 23.6% in January

Maris-Tech Ltd. (NASDAQ:MTEK) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 14,622 shares, an increase of 23.6% from the December 31st total of 11,834 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 86,734 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 86,734 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maris-Tech in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Maris-Tech

An institutional investor recently bought a new position in Maris-Tech stock. Jane Street Group LLC purchased a new stake in shares of Maris-Tech Ltd. (NASDAQ:MTEK) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 20,619 shares of the company’s stock, valued at approximately $66,000. Jane Street Group LLC owned approximately 0.25% of Maris-Tech at the end of the most recent quarter. Institutional investors and hedge funds own 0.55% of the company’s stock.

Maris-Tech Stock Down 2.0%

NASDAQ:MTEK opened at $1.71 on Wednesday. The firm’s fifty day moving average is $1.41 and its two-hundred day moving average is $2.04. Maris-Tech has a one year low of $1.03 and a one year high of $4.27.

About Maris-Tech

Maris-Tech Ltd. designs and manufactures digital video and audio hardware and software solutions for the professionals, as well as the civilian and home security markets worldwide. The company offers intelligent video surveillance solutions, communication technology products, modular video encoding/decoding platform, ultra-low latency streaming solutions, dual channel low power encoder systems, multi channel encoding streaming and recording platform, miniature recording and streaming platforms, and video encoding and decoding platform.