Short Interest in Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Drops By 77.2%

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 42,527 shares, a decrease of 77.2% from the April 30th total of 186,654 shares. Based on an average daily trading volume, of 166,917 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.7% of the company’s shares are short sold.

Moving iMage Technologies Stock Down 1.4%

NYSEAMERICAN:MITQ traded down $0.01 during trading hours on Friday, hitting $0.61. 70,703 shares of the stock were exchanged, compared to its average volume of 123,315. The company’s 50 day moving average is $0.60 and its two-hundred day moving average is $0.65. The company has a market capitalization of $6.07 million, a P/E ratio of -30.55 and a beta of 0.72. Moving iMage Technologies has a twelve month low of $0.42 and a twelve month high of $1.66.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last posted its quarterly earnings results 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 net margin of 0.84% and a negative return on equity of 3.12%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new position in shares of Moving iMage Technologies in the 3rd quarter valued at $33,000. OneAscent Financial Services LLC bought a new stake in shares of Moving iMage Technologies in the 4th quarter valued at $66,000. Finally, Renaissance Technologies LLC increased its position in shares of Moving iMage Technologies by 21.9% in 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 in the last quarter. Institutional investors and hedge funds own 2.23% of the company’s stock.

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.