Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Short Interest Update

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 17,945 shares, a decline of 48.4% from the May 31st total of 34,752 shares. Based on an average daily volume of 70,720 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the shares of the company are short sold.

Moving iMage Technologies Price Performance

MITQ traded up $0.02 during trading on Thursday, reaching $0.58. 11,739 shares of the company’s stock were exchanged, compared to its average volume of 143,691. Moving iMage Technologies has a 1 year low of $0.42 and a 1 year high of $1.66. The company’s fifty day simple moving average is $0.60 and its 200-day simple moving average is $0.63. The stock has a market capitalization of $5.81 million, a P/E ratio of -29.23 and a beta of 0.72.

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

Institutional Investors Weigh In On Moving iMage Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in shares of Moving iMage Technologies by 21.9% during the fourth quarter. Renaissance Technologies LLC now owns 117,300 shares of the company’s stock worth $78,000 after buying an additional 21,100 shares in the last quarter. OneAscent Financial Services LLC acquired a new position in shares of Moving iMage Technologies during the 4th quarter worth approximately $66,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Moving iMage Technologies in the third quarter valued at approximately $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.