After Reaching Milestone, Is Mitek Systems Inc (NASDAQ:MITK)’s Short Interest Revealing Something?

Mitek Systems, Inc. (NASDAQ:MITK) Logo

Investors sentiment decreased to 1.22 in Q3 2018. Its down 0.41, from 1.63 in 2018Q2. It is negative, as 11 investors sold Mitek Systems, Inc. shares while 21 reduced holdings. 16 funds opened positions while 23 raised stakes. 15.25 million shares or 4.17% less from 15.91 million shares in 2018Q2 were reported.
Mirae Asset Invs invested in 0.01% or 126,215 shares. California Pub Employees Retirement Sys has 54,000 shares for 0% of their portfolio. Pennsylvania-based Vanguard Gru has invested 0% in Mitek Systems, Inc. (NASDAQ:MITK). 16,000 were reported by Malaga Cove Limited. Dimensional Fund Advsr L P holds 342,166 shares. New York-based Alliancebernstein L P has invested 0% in Mitek Systems, Inc. (NASDAQ:MITK). Pnc Services holds 38,162 shares. Barclays Public Ltd has 12,389 shares. Chevy Chase Trust Incorporated accumulated 0% or 10,750 shares. Citadel Advsr Limited Com holds 0% or 79,472 shares. State Bank Of New York Mellon holds 104,638 shares or 0% of its portfolio. State Street reported 561,650 shares. Commercial Bank Of America Corporation De invested 0% of its portfolio in Mitek Systems, Inc. (NASDAQ:MITK). Monarch Prns Asset Management Lc stated it has 0.05% in Mitek Systems, Inc. (NASDAQ:MITK). Geode Capital Mngmt Ltd holds 0% of its portfolio in Mitek Systems, Inc. (NASDAQ:MITK) for 344,028 shares.

Since August 21, 2018, it had 1 insider buy, and 9 selling transactions for $1.85 million activity. DEBELLO JAMES B sold $398,071 worth of stock. 12,198 shares valued at $114,752 were sold by Ritter Stephen on Friday, November 16. Shares for $27,509 were sold by Gray Jason. $100,097 worth of Mitek Systems, Inc. (NASDAQ:MITK) shares were sold by Marsal Karel J.. Diamond Michael E had sold 12,102 shares worth $113,866. Shares for $143,482 were bought by HALE JAMES C III on Friday, August 31.

The stock of Mitek Systems Inc (NASDAQ:MITK) registered a decrease of 41.85% in short interest. MITK’s total short interest was 1.01M shares in January as published by FINRA. Its down 41.85% from 1.74 million shares, reported previously. With 446,100 shares average volume, it will take short sellers 2 days to cover their MITK’s short positions.

The stock increased 0.78% or $0.08 during the last trading session, reaching $10.95. About 136,099 shares traded. Mitek Systems, Inc. (NASDAQ:MITK) has risen 11.43% since January 9, 2018 and is uptrending. It has outperformed by 11.43% the S&P500.

Mitek Systems, Inc. develops, markets, and sells mobile capture and identity verification software solutions for enterprise clients worldwide. The company has market cap of $422.36 million. The firm applies its patented technology in image capture, correction, and intelligent data extraction in the mobile financial and business services markets. It currently has negative earnings. The Company’s technology allows users to remotely deposit checks, open accounts, get insurance quotes, and pay bills, as well as verify their identity by taking pictures of various documents with their camera-equipped smartphones and tablets instead of using the device keyboard.

More notable recent Mitek Systems, Inc. (NASDAQ:MITK) news were published by: Nasdaq.com which released: “Has Mitek Systems (MITK) Outpaced Other Computer and Technology Stocks This Year? – Nasdaq” on December 25, 2018, also Nasdaq.com with their article: “Zacks.com featured highlights include: Alteryx, Vericel, Mitek and Materialise – Nasdaq” published on January 03, 2019, Seekingalpha.com published: “Is The Empire About To Strike Back At Mitek Systems? – Seeking Alpha” on May 24, 2017. More interesting news about Mitek Systems, Inc. (NASDAQ:MITK) were released by: Seekingalpha.com and their article: “Mitek Systems’ (MITK) CEO Jim DeBello on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” published on May 01, 2018 as well as Globenewswire.com‘s news article titled: “Mitek Partners with Industry Leader to Improve New Account Opening, Help Businesses Achieve Compliance and Mitigate Fraud Exposure – GlobeNewswire” with publication date: May 30, 2018.

Mitek Systems, Inc. (NASDAQ:MITK) Institutional Positions Chart

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