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

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 59,237 shares, an increase of 230.1% from the June 15th total of 17,945 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average daily volume of 56,306 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of Moving iMage Technologies

Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its stake in 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. OneAscent Financial Services LLC acquired a new stake in shares of Moving iMage Technologies in the fourth quarter valued at approximately $66,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Moving iMage Technologies in the third quarter valued at approximately $33,000. 2.23% of the stock is currently owned by institutional investors.

Moving iMage Technologies Price Performance

NYSEAMERICAN:MITQ opened at $0.59 on Monday. Moving iMage Technologies has a 12-month low of $0.42 and a 12-month high of $1.66. The firm has a market capitalization of $5.86 million, a P/E ratio of -29.50 and a beta of 0.72. The business has a 50 day simple moving average of $0.60 and a 200 day simple moving average of $0.63.

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

Moving iMage Technologies Company Profile

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.