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

Maris-Tech Ltd. (NASDAQ:MTEK) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 293,857 shares, a growth of 113.4% from the September 15th total of 137,683 shares. Based on an average daily volume of 4,299,835 shares, the short-interest ratio is currently 0.1 days. Currently, 5.2% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Maris-Tech from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Maris-Tech Price Performance

Maris-Tech stock traded down $0.01 during mid-day trading on Tuesday, reaching $0.56. 113,564 shares of the company were exchanged, compared to its average volume of 711,201. The company has a fifty day simple moving average of $1.02 and a 200-day simple moving average of $1.15. Maris-Tech has a 12 month low of $0.53 and a 12 month high of $2.82.

Maris-Tech (NASDAQ:MTEK) last released its quarterly earnings data on Wednesday, September 2nd. The company reported ($0.14) EPS for the quarter. The firm had revenue of $1.04 million during the quarter.

About Maris-Tech

Maris-Tech Ltd. is an Israel-based technology company that develops edge computing solutions for real-time video and data processing. Its systems are designed for demanding environments, including defense, aerospace, homeland security, unmanned systems and other industrial applications.

The company’s product portfolio includes compact, ruggedized platforms for video capture, processing, encoding, streaming and recording, as well as artificial intelligence and machine-learning capabilities for analyzing video at the edge.