Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Sees Large Decline in Short Interest

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 17,945 shares, a drop of 48.4% from the May 31st total of 34,752 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 70,720 shares, the short-interest ratio is presently 0.3 days.

Moving iMage Technologies Price Performance

Shares of NYSEAMERICAN MITQ traded down $0.01 during midday trading on Wednesday, reaching $0.57. 10,898 shares of the company traded hands, compared to its average volume of 62,222. The company has a market cap of $5.66 million, a price-to-earnings ratio of -28.45 and a beta of 0.72. The stock has a 50-day moving average price of $0.60 and a 200 day moving average price of $0.63. Moving iMage Technologies has a 52 week low of $0.42 and a 52 week high of $1.66.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last announced its earnings results on Thursday, May 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. Moving iMage Technologies had a negative net margin of 0.84% and a negative return on equity of 3.12%. The company had revenue of $3.40 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MITQ. Citadel Advisors LLC acquired a new stake in Moving iMage Technologies in the third quarter worth approximately $33,000. Renaissance Technologies LLC increased its position in shares of Moving iMage Technologies by 21.9% during the 4th quarter. Renaissance Technologies LLC now owns 117,300 shares of the company’s stock valued at $78,000 after purchasing an additional 21,100 shares during the period. Finally, OneAscent Financial Services LLC acquired a new position in shares of Moving iMage Technologies during the 4th quarter valued at $66,000. Institutional investors and hedge funds own 2.23% of the company’s stock.

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.