Short Interest in Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Increases By 627.4%

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 43,135 shares, a growth of 627.4% from the December 15th total of 5,930 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 43,923 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 43,923 shares, the short-interest ratio is presently 1.0 days. Approximately 0.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Moving iMage Technologies

A hedge fund recently bought a new stake in Moving iMage Technologies stock. Citadel Advisors LLC bought a new position in Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 35,570 shares of the company’s stock, valued at approximately $33,000. Citadel Advisors LLC owned approximately 0.36% of Moving iMage Technologies at the end of the most recent reporting period. Institutional investors own 2.23% of the company’s stock.

Moving iMage Technologies Stock Down 4.2%

Shares of MITQ opened at $0.69 on Tuesday. The firm has a market capitalization of $6.86 million, a PE ratio of -17.25 and a beta of 0.52. The firm has a 50-day moving average price of $0.71 and a 200 day moving average price of $0.81. Moving iMage Technologies has a 52-week low of $0.50 and a 52-week high of $1.66.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last released its earnings results on Friday, November 14th. The company reported $0.05 earnings per share for the quarter. Moving iMage Technologies had a negative return on equity of 8.11% and a negative net margin of 2.24%.The firm had revenue of $5.58 million during the quarter.

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.