Short Interest in Maris-Tech Ltd. (NASDAQ:MTEK) Increases By 33.1%

Maris-Tech Ltd. (NASDAQ:MTEK) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 68,000 shares, an increase of 33.1% from the January 31st total of 51,100 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily volume of 228,000 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Maris-Tech

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

Maris-Tech Stock Up 6.1 %

Shares of MTEK stock opened at $2.23 on Thursday. Maris-Tech has a 1 year low of $1.13 and a 1 year high of $6.47. The business’s fifty day moving average is $3.41 and its 200-day moving average is $2.59. The company has a current ratio of 3.57, a quick ratio of 2.88 and a debt-to-equity ratio of 0.04.

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.