MICT Inc (NASDAQ:MICT) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totalling 136,500 shares, a drop of 8.1% from the June 30th total of 148,600 shares. Approximately 2.6% of the shares of the stock are short sold. Based on an average daily volume of 61,900 shares, the days-to-cover ratio is currently 2.2 days.
NASDAQ MICT traded up $0.11 on Thursday, reaching $0.71. 6,290 shares of the stock traded hands, compared to its average volume of 110,067. The firm’s fifty day simple moving average is $0.73 and its 200 day simple moving average is $1.01. MICT has a 12 month low of $0.29 and a 12 month high of $1.46.
MICT (NASDAQ:MICT) last issued its quarterly earnings results on Wednesday, August 14th. The aerospace company reported ($0.10) earnings per share (EPS) for the quarter. MICT had a negative net margin of 30.81% and a negative return on equity of 254.58%.
A hedge fund recently raised its stake in MICT stock. Lakeview Capital Partners LLC raised its position in shares of MICT Inc (NASDAQ:MICT) by 82.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 228,700 shares of the aerospace company’s stock after purchasing an additional 103,600 shares during the quarter. Lakeview Capital Partners LLC owned about 2.08% of MICT worth $174,000 as of its most recent SEC filing. 5.17% of the stock is currently owned by hedge funds and other institutional investors.
MICT, Inc designs, develops, manufactures, and sells rugged mobile computing devices comprising tablets and on-board-computers that provide fleet operators and field workforces with computing solutions for challenging work environments, such as extreme temperatures, repeated vibrations, or dirty and wet or dusty conditions.
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