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

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

A hedge fund recently raised its stake in MICT stock. Lakeview Capital Partners LLC increased its position in shares of MICT Inc (NASDAQ:MICT) by 82.8% during the second quarter, according to its most recent Form 13F filing with the SEC. 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 2.08% of MICT worth $174,000 as of its most recent filing with the SEC. 4.47% of the stock is currently owned by hedge funds and other institutional investors.

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

MICT (NASDAQ:MICT) last announced its quarterly earnings results 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 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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