Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Short Interest Down 77.2% in May

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totaling 42,527 shares, a drop of 77.2% from the April 30th total of 186,654 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 166,917 shares, the days-to-cover ratio is presently 0.3 days.

Moving iMage Technologies Price Performance

Moving iMage Technologies stock traded down $0.01 during midday trading on Friday, reaching $0.61. The company had a trading volume of 70,703 shares, compared to its average volume of 125,901. The company has a market capitalization of $6.07 million, a P/E ratio of -30.55 and a beta of 0.73. Moving iMage Technologies has a 12-month low of $0.42 and a 12-month high of $1.66. The firm’s fifty day simple moving average is $0.60 and its 200-day simple moving average is $0.65.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last issued 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.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MITQ. Citadel Advisors LLC purchased a new position in Moving iMage Technologies in the 3rd quarter worth approximately $33,000. OneAscent Financial Services LLC purchased a new position in Moving iMage Technologies in the 4th quarter worth approximately $66,000. Finally, Renaissance Technologies LLC lifted its stake in Moving iMage Technologies by 21.9% in 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. 2.23% of the stock is owned by hedge funds and other institutional investors.

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.