Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Short Interest Up 105.5% in March

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) saw a significant increase in short interest in March. As of March 13th, there was short interest totaling 18,621 shares, an increase of 105.5% from the February 26th total of 9,062 shares. Based on an average daily volume of 36,225 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Moving iMage Technologies Stock Performance

MITQ traded down $0.02 on Friday, hitting $0.55. The company had a trading volume of 82,013 shares, compared to its average volume of 31,546. The stock has a market capitalization of $5.49 million, a price-to-earnings ratio of -18.40 and a beta of 0.53. The stock has a fifty day moving average price of $0.64 and a 200-day moving average price of $0.78. Moving iMage Technologies has a 12-month low of $0.42 and a 12-month high of $1.66.

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

Hedge Funds Weigh In On Moving iMage Technologies

Several institutional investors and hedge funds have recently bought and sold shares of MITQ. Renaissance Technologies LLC grew 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 last quarter. Citadel Advisors LLC purchased a new position in shares of Moving iMage Technologies in the third quarter worth about $33,000. Finally, OneAscent Financial Services LLC purchased a new position in shares of Moving iMage Technologies in the fourth quarter worth about $66,000. 2.23% of the stock is owned by hedge funds and other institutional investors.

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.