Short Interest in Maris-Tech Ltd. (NASDAQ:MTEK) Drops By 34.7%

Maris-Tech Ltd. (NASDAQ:MTEK) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 149,494 shares, a decline of 34.7% from the June 30th total of 228,865 shares. Based on an average daily trading volume, of 74,334 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.6% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MTEK. Wall Street Zen lowered shares of Maris-Tech to a “strong sell” rating in a report on Saturday, April 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Maris-Tech in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Maris-Tech currently has an average rating of “Sell”.

Maris-Tech Stock Performance

NASDAQ MTEK opened at $1.09 on Friday. Maris-Tech has a fifty-two week low of $0.94 and a fifty-two week high of $4.27. The company has a current ratio of 1.57, a quick ratio of 0.85 and a debt-to-equity ratio of 3.25. The stock has a 50 day simple moving average of $1.14 and a two-hundred day simple moving average of $1.37.

Maris-Tech (NASDAQ:MTEK) last issued its quarterly earnings data on Friday, May 15th. The company reported $1.67 earnings per share for the quarter. The business had revenue of $0.32 million during the quarter.

Institutional Trading of Maris-Tech

Large investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in Maris-Tech during the 2nd quarter valued at $66,000. Osaic Holdings Inc. raised its holdings in Maris-Tech by 300.0% in the 2nd quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock worth $108,000 after purchasing an additional 25,200 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Maris-Tech in the 4th quarter worth about $33,000. Institutional investors own 0.55% of the company’s stock.

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.