Maris-Tech Ltd. (NASDAQ:MTEK) Short Interest Up 93.6% in January

Maris-Tech Ltd. (NASDAQ:MTEK) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 28,314 shares, a growth of 93.6% from the January 15th total of 14,622 shares. Based on an average daily trading volume, of 131,086 shares, the short-interest ratio is presently 0.2 days. Currently, 0.6% of the company’s shares are short sold. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 131,086 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Maris-Tech in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Investors Weigh In On Maris-Tech

A hedge fund recently raised its stake in Maris-Tech stock. Osaic Holdings Inc. grew its stake in Maris-Tech Ltd. (NASDAQ:MTEK) by 300.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,600 shares of the company’s stock after acquiring an additional 25,200 shares during the quarter. Osaic Holdings Inc. owned about 0.41% of Maris-Tech worth $108,000 at the end of the most recent quarter. 0.55% of the stock is owned by institutional investors and hedge funds.

Maris-Tech Price Performance

MTEK traded up $0.06 during trading hours on Friday, reaching $1.58. 64,710 shares of the company’s stock traded hands, compared to its average volume of 103,744. The firm has a 50-day moving average price of $1.44 and a 200 day moving average price of $1.96. Maris-Tech has a 52-week low of $1.03 and a 52-week high of $4.27.

About Maris-Tech

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.