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

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 211,670 shares, a growth of 453.5% from the March 31st total of 38,242 shares. Approximately 3.4% of the company’s stock are short sold. Based on an average trading volume of 703,727 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Moving iMage Technologies

Several hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its position in shares of 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 buying an additional 21,100 shares during the last quarter. OneAscent Financial Services LLC purchased a new stake in Moving iMage Technologies during the fourth quarter valued at approximately $66,000. Finally, Citadel Advisors LLC purchased a new stake in Moving iMage Technologies during the third quarter valued at approximately $33,000. 2.23% of the stock is owned by hedge funds and other institutional investors.

Moving iMage Technologies Trading Up 5.1%

Shares of NYSEAMERICAN:MITQ traded up $0.03 on Friday, reaching $0.64. The company had a trading volume of 710,518 shares, compared to its average volume of 410,857. The firm has a market capitalization of $6.37 million, a PE ratio of -21.33 and a beta of 0.58. Moving iMage Technologies has a 52-week low of $0.42 and a 52-week high of $1.66. The firm’s 50 day simple moving average is $0.58 and its 200-day simple moving average is $0.70.

Moving iMage Technologies (NYSEAMERICAN:MITQ) last issued its quarterly earnings data on Thursday, February 12th. The company reported ($0.04) earnings per share for the quarter. Moving iMage Technologies had a negative return on equity of 5.44% and a negative net margin of 1.46%.The company had revenue of $3.79 million for the quarter.

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.