Maris-Tech Ltd. (NASDAQ:MTEK) Sees Large Growth in Short Interest

Maris-Tech Ltd. (NASDAQ:MTEK) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 74,600 shares, an increase of 19.9% from the March 15th total of 62,200 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily volume of 81,800 shares, the short-interest ratio is presently 0.9 days.

Maris-Tech Price Performance

NASDAQ MTEK traded up $0.01 during trading hours on Monday, hitting $1.88. 6,343 shares of the company were exchanged, compared to its average volume of 81,341. The company has a 50 day moving average of $2.30 and a two-hundred day moving average of $2.68. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.57 and a quick ratio of 2.88. Maris-Tech has a 52-week low of $1.13 and a 52-week high of $6.47.

Institutional Trading of Maris-Tech

A hedge fund recently bought a new stake in Maris-Tech stock. IFP Advisors Inc bought a new stake in Maris-Tech Ltd. (NASDAQ:MTEK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,873 shares of the company’s stock, valued at approximately $35,000. IFP Advisors Inc owned about 0.09% of Maris-Tech at the end of the most recent reporting period. 0.55% of the stock is currently owned by institutional investors.

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.