Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Sees Significant Increase in Short Interest

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 43,135 shares, a growth of 627.4% from the December 15th total of 5,930 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 43,923 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 43,923 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.7% of the company’s shares are sold short.

Hedge Funds Weigh In On Moving iMage Technologies

An institutional investor recently bought a new position in Moving iMage Technologies stock. Citadel Advisors LLC bought a new position in Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 35,570 shares of the company’s stock, valued at approximately $33,000. Citadel Advisors LLC owned 0.36% of Moving iMage Technologies as of its most recent SEC filing. Hedge funds and other institutional investors own 2.23% of the company’s stock.

Moving iMage Technologies Price Performance

Shares of MITQ traded down $0.03 during midday trading on Monday, hitting $0.69. The stock had a trading volume of 34,536 shares, compared to its average volume of 36,194. The stock’s 50 day moving average is $0.71 and its 200 day moving average is $0.81. The firm has a market cap of $6.86 million, a PE ratio of -17.25 and a beta of 0.52. Moving iMage Technologies has a 1 year low of $0.50 and a 1 year high of $1.66.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last posted its quarterly earnings data on Friday, November 14th. The company reported $0.05 earnings per share for the quarter. The company had revenue of $5.58 million for the quarter. Moving iMage Technologies had a negative net margin of 2.24% and a negative return on equity of 8.11%.

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.