Short Interest in Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Rises By 230.1%

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 59,237 shares, a growth of 230.1% from the June 15th total of 17,945 shares. Based on an average daily volume of 56,306 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.9% of the company’s stock are short sold.

Moving iMage Technologies Stock Up 3.4%

Moving iMage Technologies stock traded up $0.02 during trading hours on Tuesday, hitting $0.65. The stock had a trading volume of 18,870 shares, compared to its average volume of 141,937. The stock has a market capitalization of $6.43 million, a P/E ratio of -32.34 and a beta of 0.72. Moving iMage Technologies has a 12-month low of $0.42 and a 12-month high of $1.66. The stock’s 50-day moving average price is $0.60 and its 200-day moving average price is $0.63.

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

Institutional Trading of Moving iMage Technologies

A number of institutional investors and hedge funds have recently modified their holdings of MITQ. Citadel Advisors LLC purchased a new stake in Moving iMage Technologies during the third quarter valued at approximately $33,000. OneAscent Financial Services LLC bought a new stake in shares of Moving iMage Technologies during the 4th quarter valued at $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 valued at $78,000 after acquiring an additional 21,100 shares during the period. Institutional investors own 2.23% of the company’s stock.

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.