Short Interest in Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Declines By 30.7%

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 9,062 shares, a drop of 30.7% from the February 12th total of 13,083 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 36,389 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 36,389 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Moving iMage Technologies Stock Down 3.1%

NYSEAMERICAN MITQ traded down $0.02 during trading hours on Friday, hitting $0.55. 29,980 shares of the company were exchanged, compared to its average volume of 34,488. Moving iMage Technologies has a 52 week low of $0.42 and a 52 week high of $1.66. The stock has a 50-day moving average price of $0.67 and a 200 day moving average price of $0.79. The stock has a market cap of $5.49 million, a PE ratio of -18.40 and a beta of 0.53.

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

Institutional Trading of Moving iMage Technologies

A number of institutional investors have recently bought and sold shares of MITQ. Citadel Advisors LLC bought a new position in Moving iMage Technologies during the third quarter valued at $33,000. OneAscent Financial Services LLC bought a new stake in shares of Moving iMage Technologies in the 4th quarter worth about $66,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Moving iMage Technologies by 21.9% in the 4th quarter. Renaissance Technologies LLC now owns 117,300 shares of the company’s stock worth $78,000 after acquiring an additional 21,100 shares during the last quarter. 2.23% of the stock is currently owned by institutional investors.

Moving iMage Technologies Company Profile

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.