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%.
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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