MICT Inc (NASDAQ:MICT) Short Interest Down 58.1% in September

MICT Inc (NASDAQ:MICT) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 47,500 shares, a drop of 58.1% from the August 30th total of 113,300 shares. Based on an average daily trading volume, of 18,300 shares, the short-interest ratio is currently 2.6 days. Currently, 0.6% of the shares of the stock are sold short.

An institutional investor recently raised its position in MICT stock. Lakeview Capital Partners LLC lifted its holdings in MICT Inc (NASDAQ:MICT) by 82.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,700 shares of the aerospace company’s stock after buying an additional 103,600 shares during the period. Lakeview Capital Partners LLC owned approximately 2.08% of MICT worth $174,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 4.47% of the company’s stock.

Shares of NASDAQ:MICT traded down $0.03 during midday trading on Friday, hitting $0.45. The company’s stock had a trading volume of 15,404 shares, compared to its average volume of 22,471. The business’s 50 day simple moving average is $0.59 and its 200 day simple moving average is $0.85. MICT has a 12-month low of $0.29 and a 12-month high of $1.46.

MICT (NASDAQ:MICT) last posted its quarterly earnings results on Wednesday, August 14th. The aerospace company reported ($0.10) earnings per share for the quarter. MICT had a negative return on equity of 724.82% and a negative net margin of 30.88%.

About MICT

MICT, Inc designs, develops, manufactures, and sells rugged mobile computing devices comprising tablets and on-board-computers that provide fleet operators and field workforces with computing solutions for challenging work environments, such as extreme temperatures, repeated vibrations, or dirty and wet or dusty conditions.

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