Short Interest in Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Decreases By 30.7%

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 9,062 shares, a drop of 30.7% from the February 12th total of 13,083 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 36,389 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 36,389 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On Moving iMage Technologies

Several institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new position in Moving iMage Technologies in the third quarter valued at about $33,000. OneAscent Financial Services LLC acquired a new stake in shares of Moving iMage Technologies during the fourth quarter worth approximately $66,000. Finally, Renaissance Technologies LLC raised its stake in shares of Moving iMage Technologies by 21.9% in the fourth quarter. Renaissance Technologies LLC now owns 117,300 shares of the company’s stock valued at $78,000 after acquiring an additional 21,100 shares during the last quarter. 2.23% of the stock is owned by institutional investors.

Moving iMage Technologies Price Performance

Shares of MITQ stock opened at $0.55 on Monday. The stock’s fifty day simple moving average is $0.67 and its 200 day simple moving average is $0.79. Moving iMage Technologies has a one year low of $0.42 and a one year high of $1.66. The firm has a market cap of $5.49 million, a price-to-earnings ratio of -18.40 and a beta of 0.53.

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

About Moving iMage Technologies

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.