Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Sees Large Growth in Short Interest

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) saw a significant increase in short interest in January. As of January 30th, there was short interest totaling 43,968 shares, an increase of 31.6% from the January 15th total of 33,420 shares. Based on an average daily volume of 24,397 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.7% of the company’s stock are sold short. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 24,397 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Trading of Moving iMage Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its position in shares of Moving iMage Technologies by 21.9% in the 4th quarter. Renaissance Technologies LLC now owns 117,300 shares of the company’s stock worth $78,000 after purchasing an additional 21,100 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Moving iMage Technologies in the third quarter worth about $33,000. Finally, OneAscent Financial Services LLC acquired a new stake in Moving iMage Technologies in the fourth quarter worth about $66,000. Hedge funds and other institutional investors own 2.23% of the company’s stock.

Moving iMage Technologies Stock Performance

Shares of Moving iMage Technologies stock opened at $0.64 on Wednesday. The company has a market capitalization of $6.34 million, a PE ratio of -21.23 and a beta of 0.52. The company has a 50-day simple moving average of $0.70 and a two-hundred day simple moving average of $0.81. Moving iMage Technologies has a one year low of $0.50 and a one year high of $1.66.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last released its quarterly earnings results on Thursday, February 12th. The company reported ($0.04) earnings per share for the quarter. Moving iMage Technologies had a negative net margin of 1.46% and a negative return on equity of 5.44%. The firm had revenue of $3.79 million during the quarter.

Moving iMage Technologies Company Profile

Moving iMage Technologies, Inc, trading on the NYSE American under the symbol MITQ, designs, manufactures and integrates digital signage solutions for a wide range of industries. The company’s core offerings encompass both hardware and software platforms that support high-definition displays, interactive kiosks and touchscreen environments. Moving iMage’s systems are engineered to deliver dynamic content, remote monitoring and scalable network deployment to meet evolving customer needs.

Its product lineup includes commercial-grade LCD and LED displays, media players, digital signage enclosures and interactive touchscreen modules.