Maris-Tech Ltd. (NASDAQ:MTEK) Short Interest Up 2,604.2% in March

Maris-Tech Ltd. (NASDAQ:MTEK) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 208,575 shares, a growth of 2,604.2% from the February 26th total of 7,713 shares. Currently, 4.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,150,560 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 4,150,560 shares, the short-interest ratio is presently 0.1 days. Currently, 4.0% of the company’s stock are sold short.

Institutional Trading of Maris-Tech

Several large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in shares of Maris-Tech in the fourth quarter valued at about $33,000. Jane Street Group LLC acquired a new stake in shares of Maris-Tech during the second quarter worth about $66,000. Finally, Osaic Holdings Inc. boosted its position in Maris-Tech by 300.0% in the second quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock valued at $108,000 after buying an additional 25,200 shares during the last quarter. Hedge funds and other institutional investors own 0.55% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated 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 MarketBeat.com, the company currently has an average rating of “Sell”.

Maris-Tech Price Performance

Shares of MTEK opened at $1.32 on Wednesday. The company’s fifty day moving average price is $1.65 and its 200-day moving average price is $1.76. Maris-Tech has a 1-year low of $1.03 and a 1-year high of $4.27.

Maris-Tech Company Profile

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.