Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQ) Short Interest Down 19.7% in May

Moving iMage Technologies, Inc. (NYSEAMERICAN:MITQGet Rating) was the target of a large decrease in short interest in the month of May. As of May 31st, there was short interest totalling 72,700 shares, a decrease of 19.7% from the May 15th total of 90,500 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 1,920,000 shares, the days-to-cover ratio is currently 0.0 days.

In other Moving iMage Technologies news, CEO Philip L. Rafnson acquired 41,700 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The shares were acquired at an average cost of $1.20 per share, for a total transaction of $50,040.00. Following the transaction, the chief executive officer now directly owns 2,074,828 shares of the company’s stock, valued at $2,489,793.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 29.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in MITQ. Renaissance Technologies LLC purchased a new position in shares of Moving iMage Technologies during the 1st quarter worth about $149,000. Jane Street Group LLC purchased a new position in shares of Moving iMage Technologies during the 3rd quarter worth about $105,000. Geode Capital Management LLC purchased a new position in shares of Moving iMage Technologies during the 4th quarter worth about $75,000. Susquehanna International Group LLP acquired a new stake in Moving iMage Technologies during the 4th quarter worth approximately $44,000. Finally, Vanguard Group Inc. increased its position in Moving iMage Technologies by 21.4% during the 1st quarter. Vanguard Group Inc. now owns 78,388 shares of the company’s stock worth $98,000 after purchasing an additional 13,835 shares in the last quarter. Institutional investors and hedge funds own 7.11% of the company’s stock.

NYSEAMERICAN:MITQ traded down $0.02 on Friday, reaching $1.05. The stock had a trading volume of 170,552 shares, compared to its average volume of 1,679,019. Moving iMage Technologies has a 12-month low of $0.82 and a 12-month high of $27.31.

About Moving iMage Technologies (Get Rating)

Moving iMage Technologies, Inc, a digital cinema company, 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. Its products and services focus on the integration needs associated with the building, modernization, and equipping of motion picture exhibition theatres.

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