Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Short Interest Update

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 17,945 shares, a decrease of 48.4% from the May 31st total of 34,752 shares. Based on an average daily volume of 70,720 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC bought a new position in Moving iMage Technologies during the third quarter worth $33,000. OneAscent Financial Services LLC bought a new stake in Moving iMage Technologies in the fourth quarter valued at $66,000. Finally, Renaissance Technologies LLC increased its stake in 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 purchasing an additional 21,100 shares in the last quarter. Institutional investors and hedge funds own 2.23% of the company’s stock.

Moving iMage Technologies Stock Performance

Shares of MITQ stock opened at $0.57 on Tuesday. The company has a market cap of $5.66 million, a P/E ratio of -28.45 and a beta of 0.72. The stock has a 50 day simple moving average of $0.60 and a two-hundred day simple moving average of $0.63. 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 issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $3.40 million during the quarter. Moving iMage Technologies had a negative net margin of 0.84% and a negative return on equity of 3.12%.

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.