Maris-Tech Ltd. (NASDAQ:MTEK) Short Interest Down 66.9% in December

Maris-Tech Ltd. (NASDAQ:MTEK) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 11,834 shares, a decline of 66.9% from the December 15th total of 35,722 shares. Based on an average trading volume of 44,035 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 44,035 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Maris-Tech stock. Jane Street Group LLC acquired a new stake in shares of Maris-Tech Ltd. (NASDAQ:MTEK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 20,619 shares of the company’s stock, valued at approximately $66,000. Jane Street Group LLC owned 0.25% of Maris-Tech at the end of the most recent quarter. 0.55% of the stock is currently owned by hedge funds and other institutional investors.

Maris-Tech Stock Up 0.7%

Shares of Maris-Tech stock opened at $1.46 on Tuesday. The stock’s fifty day moving average is $1.31 and its 200 day moving average is $2.23. Maris-Tech has a one year low of $1.03 and a one year high of $4.43.

Analyst Upgrades and Downgrades

MTEK has been the topic of a number of recent research reports. Wall Street Zen downgraded Maris-Tech from a “hold” rating to a “strong sell” rating in a report on Saturday, October 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Maris-Tech in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.