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

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 31,844 shares, a drop of 56.4% from the July 15th total of 73,005 shares. Based on an average daily trading volume, of 31,171 shares, the short-interest ratio is currently 1.0 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in Moving iMage Technologies by 21.9% during the 4th quarter. Renaissance Technologies LLC now owns 117,300 shares of the company’s stock worth $78,000 after purchasing an additional 21,100 shares during the last quarter. OneAscent Financial Services LLC acquired a new position in Moving iMage Technologies during the fourth quarter worth about $66,000. Finally, Citadel Advisors LLC acquired a new position in Moving iMage Technologies during the third quarter worth about $33,000. 2.23% of the stock is owned by institutional investors and hedge funds.

Moving iMage Technologies Stock Down 1.8%

Shares of NYSEAMERICAN MITQ traded down $0.01 during trading on Monday, hitting $0.54. The company had a trading volume of 21,531 shares, compared to its average volume of 124,350. The firm has a market capitalization of $5.37 million, a price-to-earnings ratio of -27.00 and a beta of 0.73. The stock has a fifty day simple moving average of $0.57 and a two-hundred day simple moving average of $0.60. Moving iMage Technologies has a fifty-two week low of $0.42 and a fifty-two week high of $1.66.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.01) earnings per share for the quarter. Moving iMage Technologies had a negative net margin of 0.84% and a negative return on equity of 3.12%. The company had revenue of $3.40 million during the quarter.

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.