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

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 59,237 shares, a growth of 230.1% from the June 15th total of 17,945 shares. Based on an average daily trading volume, of 56,306 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.9% of the shares of the stock are short sold.

Moving iMage Technologies Price Performance

NYSEAMERICAN MITQ opened at $0.59 on Monday. Moving iMage Technologies has a 12 month low of $0.42 and a 12 month high of $1.66. The firm has a market capitalization of $5.86 million, a PE ratio of -29.50 and a beta of 0.72. The company’s 50 day simple moving average is $0.60 and its 200 day simple moving average is $0.63.

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. Moving iMage Technologies had a negative net margin of 0.84% and a negative return on equity of 3.12%. The firm had revenue of $3.40 million for the quarter.

Institutional Trading of Moving iMage Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in Moving iMage Technologies by 21.9% in the fourth quarter. Renaissance Technologies LLC now owns 117,300 shares of the company’s stock worth $78,000 after buying an additional 21,100 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Moving iMage Technologies during the third quarter valued at $33,000. Finally, OneAscent Financial Services LLC purchased a new position in Moving iMage Technologies in the 4th quarter worth about $66,000. 2.23% of the stock is currently owned by institutional investors.

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.