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

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 18,621 shares, a growth of 105.5% from the February 26th total of 9,062 shares. Based on an average daily trading volume, of 36,225 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MITQ. Renaissance Technologies LLC raised its position in Moving iMage Technologies by 21.9% during 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 during the period. OneAscent Financial Services LLC purchased a new position in shares of Moving iMage Technologies in the 4th quarter worth approximately $66,000. Finally, Citadel Advisors LLC bought a new position in shares of Moving iMage Technologies during the 3rd quarter valued at approximately $33,000. 2.23% of the stock is owned by hedge funds and other institutional investors.

Moving iMage Technologies Stock Down 4.2%

NYSEAMERICAN:MITQ traded down $0.03 on Thursday, reaching $0.58. 9,693 shares of the company’s stock traded hands, compared to its average volume of 32,094. The stock has a 50-day simple moving average of $0.65 and a 200-day simple moving average of $0.78. Moving iMage Technologies has a 12 month low of $0.42 and a 12 month high of $1.66. The firm has a market cap of $5.72 million, a PE ratio of -19.17 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 net margin of 1.46% and a negative return on equity of 5.44%.

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.