Maris-Tech Ltd. (NASDAQ:MTEK) Sees Large Increase in Short Interest

Maris-Tech Ltd. (NASDAQ:MTEK) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 74,600 shares, an increase of 19.9% from the March 15th total of 62,200 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average trading volume of 81,800 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On Maris-Tech

An institutional investor recently bought a new position in Maris-Tech stock. IFP Advisors Inc purchased a new stake in Maris-Tech Ltd. (NASDAQ:MTEK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,873 shares of the company’s stock, valued at approximately $35,000. IFP Advisors Inc owned 0.09% of Maris-Tech at the end of the most recent quarter. 0.55% of the stock is owned by hedge funds and other institutional investors.

Maris-Tech Trading Up 1.8 %

MTEK stock traded up $0.03 during midday trading on Tuesday, hitting $1.90. The company’s stock had a trading volume of 8,714 shares, compared to its average volume of 81,029. The company’s fifty day moving average price is $2.28 and its 200 day moving average price is $2.68. Maris-Tech has a twelve month low of $1.13 and a twelve month high of $6.47. The company has a quick ratio of 2.88, a current ratio of 3.57 and a debt-to-equity ratio of 0.04.

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.