Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Short Interest Down 56.4% in July

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the recipient of a significant drop in short interest during the month of 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 trading volume of 31,171 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.5% of the company’s shares are short sold.

Institutional Investors Weigh In On Moving iMage Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new stake in Moving iMage Technologies in the third quarter valued at about $33,000. OneAscent Financial Services LLC bought a new position in Moving iMage Technologies during the fourth quarter worth about $66,000. Finally, Renaissance Technologies LLC grew its position in shares of 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 buying an additional 21,100 shares during the period. Institutional investors own 2.23% of the company’s stock.

Moving iMage Technologies Price Performance

Shares of Moving iMage Technologies stock traded down $0.01 on Friday, hitting $0.55. 6,327 shares of the company’s stock traded hands, compared to its average volume of 21,132. The firm’s 50-day moving average price is $0.57 and its two-hundred day moving average price is $0.60. The stock has a market capitalization of $5.47 million, a PE ratio of -27.51 and a beta of 0.73. Moving iMage Technologies has a one year low of $0.42 and a one year high of $1.66.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last posted 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.