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

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 13,083 shares, a decline of 70.2% from the January 29th total of 43,968 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 24,352 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 24,352 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the company’s shares are sold short.

Moving iMage Technologies Price Performance

MITQ stock traded down $0.03 during mid-day trading on Friday, reaching $0.61. 39,283 shares of the company traded hands, compared to its average volume of 27,427. The company has a market capitalization of $6.07 million, a P/E ratio of -20.33 and a beta of 0.52. Moving iMage Technologies has a 52-week low of $0.50 and a 52-week high of $1.66. The company has a fifty day moving average price of $0.69 and a 200-day moving average price of $0.80.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last announced its earnings results on Thursday, February 12th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $3.79 million for the quarter. Moving iMage Technologies had a negative net margin of 1.46% and a negative return on equity of 5.44%.

Institutional Investors Weigh In On Moving iMage Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in MITQ. Citadel Advisors LLC acquired a new stake in Moving iMage Technologies during the 3rd quarter valued at $33,000. OneAscent Financial Services LLC acquired a new stake in Moving iMage Technologies during the fourth quarter valued at approximately $66,000. Finally, Renaissance Technologies LLC raised its stake in shares of Moving iMage Technologies by 21.9% in the fourth quarter. Renaissance Technologies LLC now owns 117,300 shares of the company’s stock valued at $78,000 after acquiring an additional 21,100 shares during the last quarter. 2.23% of the stock is owned by hedge funds and other institutional investors.

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.