Maris-Tech Ltd. (NASDAQ:MTEK) Short Interest Down 46.2% in April

Maris-Tech Ltd. (NASDAQ:MTEK) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 182,316 shares, a decline of 46.2% from the March 31st total of 338,789 shares. Approximately 3.2% of the company’s stock are sold short. Based on an average trading volume of 140,735 shares, the days-to-cover ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded Maris-Tech to a “strong sell” rating in a report on Saturday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Maris-Tech in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Maris-Tech has an average rating of “Sell”.

Maris-Tech Trading Down 5.8%

MTEK stock traded down $0.08 during mid-day trading on Monday, hitting $1.30. 106,762 shares of the company were exchanged, compared to its average volume of 680,065. Maris-Tech has a 1-year low of $1.03 and a 1-year high of $4.27. The business has a 50 day simple moving average of $1.56 and a 200-day simple moving average of $1.51.

Hedge Funds Weigh In On Maris-Tech

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. lifted its position in shares of Maris-Tech by 300.0% during the 2nd 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 during the period. XTX Topco Ltd acquired a new position in Maris-Tech in the fourth quarter valued at about $33,000. Finally, Jane Street Group LLC acquired a new position in Maris-Tech in the second quarter valued at about $66,000. 0.55% of the stock is owned by institutional investors and hedge funds.

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.