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

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

Hedge Funds Weigh In On Moving iMage Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC grew its position 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. OneAscent Financial Services LLC purchased a new stake in shares of Moving iMage Technologies during the fourth 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. 2.23% of the stock is currently owned by institutional investors.

Moving iMage Technologies Price Performance

NYSEAMERICAN:MITQ traded down $0.02 during trading hours on Friday, hitting $0.55. The company had a trading volume of 82,013 shares, compared to its average volume of 31,546. Moving iMage Technologies has a 52 week low of $0.42 and a 52 week high of $1.66. The company has a market capitalization of $5.49 million, a PE ratio of -18.40 and a beta of 0.53. The stock has a 50-day moving average price of $0.64 and a 200 day moving average price of $0.78.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last posted its 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 for the quarter. Moving iMage Technologies had a negative return on equity of 5.44% and a negative net margin of 1.46%.

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.