Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Short Interest Update

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 17,945 shares, a decline of 48.4% from the May 31st total of 34,752 shares. Based on an average daily trading volume, of 70,720 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s stock are sold short.

Moving iMage Technologies Stock Performance

MITQ stock opened at $0.57 on Tuesday. The stock’s 50 day simple moving average is $0.60 and its 200 day simple moving average is $0.63. The company has a market cap of $5.66 million, a P/E ratio of -28.45 and a beta of 0.72. Moving iMage Technologies has a fifty-two week low of $0.42 and a fifty-two week high of $1.66.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.01) EPS for the quarter. Moving iMage Technologies had a negative net margin of 0.84% and a negative return on equity of 3.12%. The firm had revenue of $3.40 million during the quarter.

Hedge Funds Weigh In On Moving iMage Technologies

A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its position in Moving iMage Technologies by 21.9% in the 4th quarter. Renaissance Technologies LLC now owns 117,300 shares of the company’s stock valued at $78,000 after purchasing an additional 21,100 shares during the period. Citadel Advisors LLC bought a new stake in Moving iMage Technologies during the 3rd quarter valued at $33,000. Finally, OneAscent Financial Services LLC acquired a new position in Moving iMage Technologies during the fourth quarter worth $66,000. 2.23% of the stock is currently owned by institutional investors.

About Moving iMage Technologies

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.