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

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 42,527 shares, a drop of 77.2% from the April 30th total of 186,654 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 166,917 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new position in shares of Moving iMage Technologies in the 3rd quarter valued at about $33,000. OneAscent Financial Services LLC purchased a new position in shares of Moving iMage Technologies in the 4th quarter valued at about $66,000. Finally, Renaissance Technologies LLC increased its holdings 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 valued at $78,000 after acquiring an additional 21,100 shares during the last quarter. Hedge funds and other institutional investors own 2.23% of the company’s stock.

Moving iMage Technologies Stock Performance

MITQ stock traded down $0.01 during mid-day trading on Friday, reaching $0.61. The company had a trading volume of 70,703 shares, compared to its average volume of 162,733. The company has a market capitalization of $6.07 million, a price-to-earnings ratio of -30.55 and a beta of 0.73. The firm has a fifty day simple moving average of $0.60 and a 200 day simple moving average of $0.65. Moving iMage Technologies has a fifty-two week low of $0.42 and a fifty-two week high of $1.66.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.01) EPS for the quarter. Moving iMage Technologies had a negative net margin of 0.84% and a negative return on equity of 3.12%. The business had revenue of $3.40 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.