Maris-Tech Ltd. (NASDAQ:MTEK) Shares Shorted: Short Interest Up 113.4% in September

Maris-Tech Ltd. (NASDAQ:MTEK) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 293,857 shares, an increase of 113.4% from the September 15th total of 137,683 shares. Based on an average daily volume of 4,299,835 shares, the short-interest ratio is presently 0.1 days. Approximately 5.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Maris-Tech from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Maris-Tech Stock Performance

MTEK traded down $0.05 during trading on Wednesday, hitting $0.47. The stock had a trading volume of 219,681 shares, compared to its average volume of 710,222. Maris-Tech has a 12 month low of $0.46 and a 12 month high of $2.82. The company has a 50 day simple moving average of $1.00 and a 200-day simple moving average of $1.14.

Maris-Tech (NASDAQ:MTEK) last released its earnings results on Wednesday, September 2nd. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $1.04 million for the quarter.

Maris-Tech Company Profile

Maris-Tech Ltd. is an Israel-based technology company that develops edge computing solutions for real-time video and data processing. Its systems are designed for demanding environments, including defense, aerospace, homeland security, unmanned systems and other industrial applications.

The company’s product portfolio includes compact, ruggedized platforms for video capture, processing, encoding, streaming and recording, as well as artificial intelligence and machine-learning capabilities for analyzing video at the edge.