Maris-Tech Ltd. (NASDAQ:MTEK) Sees Significant Decrease in Short Interest

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

Wall Street Analyst Weigh In

MTEK has been the topic of several research analyst reports. Wall Street Zen downgraded shares of Maris-Tech to a “strong sell” rating in a research report on Saturday, April 25th. Weiss Ratings reissued 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, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Investors Weigh In On Maris-Tech

A number of institutional investors have recently modified their holdings of MTEK. XTX Topco Ltd purchased a new position in Maris-Tech during the fourth quarter worth approximately $33,000. Jane Street Group LLC purchased a new stake in shares of Maris-Tech in the second quarter valued at approximately $66,000. Finally, Osaic Holdings Inc. raised its stake in shares of Maris-Tech by 300.0% during the 2nd quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock worth $108,000 after buying an additional 25,200 shares during the period. 0.55% of the stock is currently owned by institutional investors and hedge funds.

Maris-Tech Stock Down 4.4%

Shares of NASDAQ MTEK opened at $1.09 on Friday. The company has a 50 day simple moving average of $1.14 and a two-hundred day simple moving average of $1.37. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.85 and a current ratio of 1.57. Maris-Tech has a 12 month low of $0.94 and a 12 month high of $4.27.

Maris-Tech (NASDAQ:MTEK) last released its quarterly earnings data on Friday, May 15th. The company reported $1.67 earnings per share for the quarter. The business had revenue of $0.32 million during the quarter.

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.