Maris-Tech Ltd. (NASDAQ:MTEK) Short Interest Update
by Jessica Moore · The Cerbat GemMaris-Tech Ltd. (NASDAQ:MTEK – Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 338,789 shares, a growth of 62.4% from the March 15th total of 208,575 shares. Currently, 5.9% of the company’s stock are sold short. Based on an average daily volume of 302,616 shares, the short-interest ratio is currently 1.1 days.
Hedge Funds Weigh In On Maris-Tech
Several institutional investors have recently modified their holdings of MTEK. Jane Street Group LLC bought a new position in shares of Maris-Tech in the second quarter valued at approximately $66,000. Osaic Holdings Inc. grew its holdings in shares of Maris-Tech by 300.0% in the second quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock valued at $108,000 after acquiring an additional 25,200 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Maris-Tech in the fourth quarter valued at approximately $33,000. 0.55% of the stock is owned by institutional investors.
Maris-Tech Stock Performance
MTEK traded up $0.08 during midday trading on Monday, reaching $1.62. 165,152 shares of the company were exchanged, compared to its average volume of 235,036. The company’s fifty day moving average price is $1.59 and its 200 day moving average price is $1.57. Maris-Tech has a one year low of $1.03 and a one year high of $4.27.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Maris-Tech in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Maris-Tech presently has a consensus rating of “Sell”.
Read Our Latest Research Report on Maris-Tech
About Maris-Tech
Maris-Tech Ltd. designs and manufactures digital video and audio hardware and software solutions for the professionals, as well as the civilian and home security markets worldwide. The company offers intelligent video surveillance solutions, communication technology products, modular video encoding/decoding platform, ultra-low latency streaming solutions, dual channel low power encoder systems, multi channel encoding streaming and recording platform, miniature recording and streaming platforms, and video encoding and decoding platform.