Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Short Interest Up 105.4% in March

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 38,242 shares, a growth of 105.4% from the March 15th total of 18,621 shares. Based on an average trading volume of 40,587 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Trading of Moving iMage Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC increased its position 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 in the last quarter. Citadel Advisors LLC acquired a new stake in Moving iMage Technologies during the 3rd quarter worth approximately $33,000. Finally, OneAscent Financial Services LLC acquired a new stake in Moving iMage Technologies during the 4th quarter worth approximately $66,000. Institutional investors and hedge funds own 2.23% of the company’s stock.

Moving iMage Technologies Stock Performance

MITQ traded up $0.02 on Tuesday, reaching $0.59. 5,840,452 shares of the company’s stock were exchanged, compared to its average volume of 114,405. The company’s 50 day moving average is $0.60 and its 200-day moving average is $0.72. The company has a market cap of $5.89 million, a price-to-earnings ratio of -19.72 and a beta of 0.58. Moving iMage Technologies has a twelve month low of $0.42 and a twelve month high of $1.66.

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

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.