Short Interest in Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Declines By 20.0%

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQGet Free Report) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 41,500 shares, a drop of 20.0% from the January 15th total of 51,900 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 37,000 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On Moving iMage Technologies

An institutional investor recently bought a new position in Moving iMage Technologies stock. Renaissance Technologies LLC acquired a new position in shares of Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQFree Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 118,851 shares of the company’s stock, valued at approximately $149,000. Renaissance Technologies LLC owned approximately 1.12% of Moving iMage Technologies as of its most recent SEC filing. 2.64% of the stock is owned by institutional investors.

Moving iMage Technologies Stock Up 1.1 %

Shares of NYSEAMERICAN:MITQ opened at $0.84 on Tuesday. Moving iMage Technologies has a 52 week low of $0.70 and a 52 week high of $1.40. The company has a market capitalization of $8.84 million, a price-to-earnings ratio of -6.99 and a beta of 0.51.

Moving iMage Technologies (NYSEAMERICAN:MITQGet Free Report) last issued its quarterly earnings data on Tuesday, November 14th. The company reported $0.04 earnings per share (EPS) for the quarter. Moving iMage Technologies had a negative return on equity of 3.10% and a negative net margin of 6.03%. The business had revenue of $6.64 million during the quarter.

Moving iMage Technologies Company Profile

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Moving iMage Technologies, Inc designs, manufactures, integrates, installs, and distributes proprietary and custom designed equipment, and other off the shelf cinema products for cinema requirements in the United States and internationally. The company provides automation, pedestal, projection pod, and power management systems; and in-house designed and assembled lighting products and dimmers, as well as distributes digital cinema projectors and servers.

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