MICT Inc (NASDAQ:MICT) Short Interest Update

MICT Inc (NASDAQ:MICT) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 136,500 shares, a drop of 8.1% from the June 30th total of 148,600 shares. Based on an average trading volume of 61,900 shares, the short-interest ratio is presently 2.2 days. Currently, 2.6% of the company’s stock are short sold.

Shares of NASDAQ:MICT traded up $0.11 during midday trading on Thursday, hitting $0.71. 6,290 shares of the stock were exchanged, compared to its average volume of 110,067. MICT has a 52-week low of $0.29 and a 52-week high of $1.46. The business’s fifty day simple moving average is $0.73 and its two-hundred day simple moving average is $1.01.

MICT (NASDAQ:MICT) last announced its quarterly earnings data on Wednesday, August 14th. The aerospace company reported ($0.10) earnings per share (EPS) for the quarter. MICT had a negative return on equity of 254.58% and a negative net margin of 30.81%.

A hedge fund recently raised its stake in MICT stock. Lakeview Capital Partners LLC boosted its holdings in shares of MICT Inc (NASDAQ:MICT) by 82.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 228,700 shares of the aerospace company’s stock after buying an additional 103,600 shares during the quarter. Lakeview Capital Partners LLC owned about 2.08% of MICT worth $174,000 at the end of the most recent quarter. Institutional investors and hedge funds own 5.17% of the company’s stock.

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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