Short Interest in Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Drops By 70.2%

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 13,083 shares, a decline of 70.2% from the January 29th total of 43,968 shares. Based on an average daily volume of 24,352 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 24,352 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Moving iMage Technologies

Several hedge funds have recently made changes to their positions in MITQ. Renaissance Technologies LLC lifted its position in shares of Moving iMage Technologies by 21.9% during the 4th quarter. Renaissance Technologies LLC now owns 117,300 shares of the company’s stock valued at $78,000 after buying an additional 21,100 shares during the last quarter. Citadel Advisors LLC bought a new stake in Moving iMage Technologies in the 3rd quarter valued at about $33,000. Finally, OneAscent Financial Services LLC bought a new stake in Moving iMage Technologies in the 4th quarter valued at about $66,000. 2.23% of the stock is currently owned by institutional investors.

Moving iMage Technologies Price Performance

Shares of Moving iMage Technologies stock traded up $0.00 during trading hours on Thursday, hitting $0.60. 5,042 shares of the company’s stock traded hands, compared to its average volume of 31,028. The stock has a market capitalization of $5.97 million, a price-to-earnings ratio of -20.00 and a beta of 0.52. Moving iMage Technologies has a 12-month low of $0.50 and a 12-month high of $1.66. The company has a fifty day simple moving average of $0.69 and a 200-day simple moving average of $0.80.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.04) earnings per share 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.