MICT Inc (NASDAQ:MICT) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 136,500 shares, a drop of 8.1% from the June 30th total of 148,600 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average daily volume of 61,900 shares, the short-interest ratio is presently 2.2 days.
A hedge fund recently raised its stake in MICT stock. Lakeview Capital Partners LLC lifted its stake in shares of MICT Inc (NASDAQ:MICT) by 82.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 228,700 shares of the aerospace company’s stock after buying an additional 103,600 shares during the period. Lakeview Capital Partners LLC owned about 2.08% of MICT worth $174,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.17% of the company’s stock.
Shares of MICT stock traded down $0.01 during trading hours on Friday, hitting $0.70. 17,952 shares of the company were exchanged, compared to its average volume of 109,484. The firm has a fifty day simple moving average of $0.72 and a 200 day simple moving average of $1.00. MICT has a 52-week low of $0.29 and a 52-week high of $1.46.
MICT (NASDAQ:MICT) last issued its quarterly earnings results on Wednesday, August 14th. The aerospace company reported ($0.10) earnings per share (EPS) for the quarter. MICT had a negative return on equity of 254.58% and a negative net margin of 30.81%.
MICT, Inc designs, develops, manufactures, and sells rugged mobile computing devices comprising tablets and on-board-computers that provide fleet operators and field workforces with computing solutions for challenging work environments, such as extreme temperatures, repeated vibrations, or dirty and wet or dusty conditions.
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