Short Interest in Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Declines By 22.5%

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 33,420 shares, a decline of 22.5% from the December 31st total of 43,135 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 42,163 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 42,163 shares, the short-interest ratio is currently 0.8 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Moving iMage Technologies stock. Citadel Advisors LLC bought a new position in shares of Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 35,570 shares of the company’s stock, valued at approximately $33,000. Citadel Advisors LLC owned about 0.36% of Moving iMage Technologies as of its most recent SEC filing. 2.23% of the stock is owned by institutional investors and hedge funds.

Moving iMage Technologies Trading Down 3.7%

Moving iMage Technologies stock traded down $0.03 during midday trading on Tuesday, reaching $0.72. The company had a trading volume of 50,249 shares, compared to its average volume of 32,269. Moving iMage Technologies has a 12-month low of $0.50 and a 12-month high of $1.66. The firm’s fifty day simple moving average is $0.72 and its 200-day simple moving average is $0.81.

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

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.