Maris-Tech Ltd. (NASDAQ:MTEK) Short Interest Update

Maris-Tech Ltd. (NASDAQ:MTEK) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 149,494 shares, a decline of 34.7% from the June 30th total of 228,865 shares. Approximately 2.6% of the shares of the stock are short sold. Based on an average trading volume of 74,334 shares, the days-to-cover ratio is presently 2.0 days.

Maris-Tech Price Performance

Shares of Maris-Tech stock traded down $0.02 during midday trading on Friday, reaching $1.12. The company had a trading volume of 1,896 shares, compared to its average volume of 590,494. The company has a debt-to-equity ratio of 3.25, a quick ratio of 0.85 and a current ratio of 1.57. The stock has a fifty day simple moving average of $1.14 and a 200 day simple moving average of $1.38. Maris-Tech has a 1-year low of $0.94 and a 1-year high of $4.27.

Maris-Tech (NASDAQ:MTEK) last posted its quarterly earnings data on Friday, May 15th. The company reported $1.67 earnings per share (EPS) for the quarter. The firm had revenue of $0.32 million for the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on MTEK shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Maris-Tech in a research report on Friday, July 17th. Wall Street Zen cut Maris-Tech to a “strong sell” rating in a report on Saturday, April 25th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Trading of Maris-Tech

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTEK. Osaic Holdings Inc. boosted its stake in shares of Maris-Tech by 300.0% in the 2nd quarter. Osaic Holdings Inc. now owns 33,600 shares of the company’s stock valued at $108,000 after purchasing an additional 25,200 shares during the last quarter. Jane Street Group LLC acquired a new position in Maris-Tech in the second quarter valued at approximately $66,000. Finally, XTX Topco Ltd bought a new position in Maris-Tech in the fourth quarter valued at approximately $33,000. 0.55% of the stock is owned by institutional investors.

Maris-Tech Company Profile

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.