Maris-Tech Ltd. (NASDAQ:MTEK) Short Interest Down 45.5% in December

Maris-Tech Ltd. (NASDAQ:MTEK) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 35,722 shares, a decrease of 45.5% from the November 30th total of 65,554 shares. Based on an average daily trading volume, of 44,108 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.8% of the company’s stock are short sold. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 44,108 shares, the days-to-cover ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

MTEK has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Maris-Tech in a research report on Wednesday, October 8th. Wall Street Zen downgraded Maris-Tech from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Maris-Tech Stock Down 12.3%

Shares of NASDAQ MTEK traded down $0.15 during trading hours on Monday, hitting $1.07. The company’s stock had a trading volume of 83,293 shares, compared to its average volume of 99,409. The business has a 50-day simple moving average of $1.42 and a 200-day simple moving average of $2.36. Maris-Tech has a 12 month low of $1.03 and a 12 month high of $6.47.

Institutional Investors Weigh In On Maris-Tech

An institutional investor recently raised its position in Maris-Tech stock. Osaic Holdings Inc. grew its position in shares of Maris-Tech Ltd. (NASDAQ:MTEK) by 300.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,600 shares of the company’s stock after purchasing an additional 25,200 shares during the period. Osaic Holdings Inc. owned approximately 0.41% of Maris-Tech worth $108,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.55% of the company’s stock.

About Maris-Tech

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.