Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Short Interest Down 56.4% in July

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the target of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 31,844 shares, a decrease of 56.4% from the July 15th total of 73,005 shares. Based on an average daily volume of 31,171 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On Moving iMage Technologies

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

Moving iMage Technologies Trading Down 1.6%

Shares of Moving iMage Technologies stock traded down $0.01 during midday trading on Friday, reaching $0.55. The company had a trading volume of 6,327 shares, compared to its average volume of 21,132. The company has a market capitalization of $5.47 million, a price-to-earnings ratio of -27.51 and a beta of 0.73. The stock has a fifty day simple moving average of $0.57 and a 200 day simple moving average of $0.60. Moving iMage Technologies has a 1-year low of $0.42 and a 1-year high of $1.66.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $3.40 million during the quarter. Moving iMage Technologies had a negative return on equity of 3.12% and a negative net margin of 0.84%.

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.