Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Short Interest Up 31.6% in January

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the target of a large increase in short interest in the month of 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 short-interest ratio is currently 1.8 days. Currently, 0.7% of the shares of the company are short sold. Currently, 0.7% of the shares of the company are short sold. Based on an average daily volume of 24,397 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of Moving iMage Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MITQ. Renaissance Technologies LLC boosted its stake in shares of Moving iMage Technologies by 21.9% during the 4th quarter. Renaissance Technologies LLC now owns 117,300 shares of the company’s stock worth $78,000 after acquiring an additional 21,100 shares during the last quarter. Citadel Advisors LLC bought a new position in Moving iMage Technologies in the 3rd quarter worth $33,000. Finally, OneAscent Financial Services LLC purchased a new position in Moving iMage Technologies during the fourth quarter valued at $66,000. 2.23% of the stock is owned by hedge funds and other institutional investors.

Moving iMage Technologies Price Performance

MITQ stock opened at $0.67 on Monday. Moving iMage Technologies has a 1 year low of $0.50 and a 1 year high of $1.66. The company has a market cap of $6.67 million, a P/E ratio of -22.33 and a beta of 0.52. The stock’s fifty day moving average price is $0.70 and its 200-day moving average price is $0.81.

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

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.