Maris-Tech Ltd. (NASDAQ:MTEK) Short Interest Update

Maris-Tech Ltd. (NASDAQ:MTEK) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 149,494 shares, a decrease of 34.7% from the June 30th total of 228,865 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average daily volume of 74,334 shares, the days-to-cover ratio is currently 2.0 days.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MTEK shares. Wall Street Zen cut Maris-Tech to a “strong sell” rating in a research note on Saturday, April 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Maris-Tech in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Maris-Tech Price Performance

Shares of NASDAQ:MTEK traded down $0.02 during trading on Friday, hitting $1.12. 1,896 shares of the company’s stock traded hands, compared to its average volume of 590,494. The company has a current ratio of 1.57, a quick ratio of 0.85 and a debt-to-equity ratio of 3.25. The company has a 50-day moving average price of $1.14 and a 200-day moving average price of $1.38. Maris-Tech has a 52 week low of $0.94 and a 52 week high of $4.27.

Maris-Tech (NASDAQ:MTEK) last announced its earnings results on Friday, May 15th. The company reported $1.67 EPS for the quarter. The company had revenue of $0.32 million for the quarter.

Hedge Funds Weigh In On Maris-Tech

A number of large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in shares of Maris-Tech in the fourth quarter valued at about $33,000. Osaic Holdings Inc. raised its position in Maris-Tech by 300.0% in the 2nd quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock valued at $108,000 after buying an additional 25,200 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in Maris-Tech in the 2nd quarter valued at approximately $66,000. Institutional investors own 0.55% of the company’s stock.

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.