Maris-Tech Ltd. (NASDAQ:MTEK) Sees Significant Growth in Short Interest

Maris-Tech Ltd. (NASDAQ:MTEK) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 208,575 shares, a growth of 2,604.2% from the February 26th total of 7,713 shares. Currently, 4.0% of the company’s stock are short sold. Based on an average daily volume of 4,150,560 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Maris-Tech in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Trading of Maris-Tech

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTEK. Jane Street Group LLC acquired a new position in shares of Maris-Tech in the 2nd quarter valued at $66,000. XTX Topco Ltd acquired a new stake in Maris-Tech during the 4th quarter worth $33,000. Finally, Osaic Holdings Inc. lifted its position in Maris-Tech by 300.0% in the second quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock valued at $108,000 after acquiring an additional 25,200 shares during the last quarter. Institutional investors and hedge funds own 0.55% of the company’s stock.

Maris-Tech Price Performance

Shares of NASDAQ MTEK traded down $0.09 during midday trading on Thursday, hitting $1.36. 1,056,683 shares of the company’s stock were exchanged, compared to its average volume of 878,949. Maris-Tech has a twelve month low of $1.03 and a twelve month high of $4.27. The firm’s fifty day simple moving average is $1.64 and its 200-day simple moving average is $1.76.

Maris-Tech Company Profile

Maris-Tech Ltd. designs and manufactures digital video and audio hardware and software solutions for the professionals, as well as the civilian and home security markets worldwide. The company offers intelligent video surveillance solutions, communication technology products, modular video encoding/decoding platform, ultra-low latency streaming solutions, dual channel low power encoder systems, multi channel encoding streaming and recording platform, miniature recording and streaming platforms, and video encoding and decoding platform.