Maris-Tech Ltd. (NASDAQ:MTEK) Short Interest Down 38.2% in October

Maris-Tech Ltd. (NASDAQ:MTEK) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 37,600 shares, a drop of 38.2% from the September 30th total of 60,800 shares. Based on an average trading volume of 42,000 shares, the short-interest ratio is presently 0.9 days. Currently, 0.9% of the company’s stock are sold short.

Hedge Funds Weigh In On Maris-Tech

A hedge fund recently bought a new stake in Maris-Tech stock. AMH Equity Ltd purchased a new stake in shares of Maris-Tech Ltd. (NASDAQ:MTEK) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 240,870 shares of the company’s stock, valued at approximately $363,000. AMH Equity Ltd owned about 3.06% of Maris-Tech at the end of the most recent quarter. 0.55% of the stock is owned by institutional investors and hedge funds.

Maris-Tech Price Performance

Shares of NASDAQ MTEK opened at $1.90 on Monday. Maris-Tech has a fifty-two week low of $0.94 and a fifty-two week high of $2.17. The firm’s 50-day simple moving average is $1.86 and its 200 day simple moving average is $1.62.

Maris-Tech Company Profile

Maris-Tech Ltd. designs and manufactures digital video and audio hardware and software solutions for the professionals, as well as the civilian and home security markets worldwide. The company offers intelligent video surveillance solutions, communication technology products, modular video encoding/decoding platform, ultra-low latency streaming solutions, dual channel low power encoder systems, multi channel encoding streaming and recording platform, miniature recording and streaming platforms, and video encoding and decoding platform.