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

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 42,527 shares, a decline of 77.2% from the April 30th total of 186,654 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 166,917 shares, the days-to-cover ratio is presently 0.3 days.

Moving iMage Technologies Price Performance

Shares of MITQ stock traded down $0.01 on Friday, hitting $0.61. The stock had a trading volume of 70,703 shares, compared to its average volume of 162,733. The firm has a market capitalization of $6.07 million, a P/E ratio of -30.55 and a beta of 0.73. Moving iMage Technologies has a 1 year low of $0.42 and a 1 year high of $1.66. The company’s 50 day moving average price is $0.60 and its 200-day moving average price is $0.65.

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

Institutional Investors Weigh In On Moving iMage Technologies

A number of hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in Moving iMage Technologies by 21.9% in 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 in the last quarter. OneAscent Financial Services LLC acquired a new stake in Moving iMage Technologies in the 4th quarter valued at about $66,000. Finally, Citadel Advisors LLC acquired a new stake in Moving iMage Technologies in the 3rd quarter valued at about $33,000. 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.