Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Short Interest Up 31.6% in January

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 43,968 shares, a growth of 31.6% from the January 15th total of 33,420 shares. Based on an average daily volume of 24,397 shares, the short-interest ratio is currently 1.8 days. Approximately 0.7% of the shares of the company are sold short. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 24,397 shares, the short-interest ratio is currently 1.8 days.

Moving iMage Technologies Trading Down 4.9%

Moving iMage Technologies stock traded down $0.03 during midday trading on Tuesday, hitting $0.64. The stock had a trading volume of 6,086 shares, compared to its average volume of 29,467. Moving iMage Technologies has a 52-week low of $0.50 and a 52-week high of $1.66. The company has a market capitalization of $6.34 million, a PE ratio of -21.23 and a beta of 0.52. The firm’s fifty day moving average is $0.70 and its two-hundred day moving average is $0.81.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $3.79 million during the quarter. Moving iMage Technologies had a negative return on equity of 5.44% and a negative net margin of 1.46%.

Hedge Funds Weigh In On Moving iMage Technologies

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC raised 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 purchased a new stake in Moving iMage Technologies during the 4th quarter valued at approximately $66,000. Finally, Citadel Advisors LLC bought a new stake in shares of Moving iMage Technologies during the third quarter valued at approximately $33,000. Institutional investors own 2.23% of the company’s stock.

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.