Short Interest in OMNIQ Corp. (NASDAQ:OMQS) Grows By 516.4%

OMNIQ Corp. (NASDAQ:OMQS) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 487,600 shares, a growth of 516.4% from the March 31st total of 79,100 shares. Based on an average trading volume of 380,500 shares, the days-to-cover ratio is currently 1.3 days. Approximately 5.6% of the company’s stock are short sold.

Hedge Funds Weigh In On OMNIQ

A hedge fund recently bought a new stake in OMNIQ stock. Sheets Smith Wealth Management purchased a new stake in shares of OMNIQ Corp. (NASDAQ:OMQS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 50,000 shares of the company’s stock, valued at approximately $33,000. Sheets Smith Wealth Management owned about 0.47% of OMNIQ at the end of the most recent reporting period. Institutional investors own 5.65% of the company’s stock.

OMNIQ Price Performance

Shares of OMQS traded down $0.05 during mid-day trading on Thursday, hitting $0.36. 2,053,011 shares of the company’s stock were exchanged, compared to its average volume of 339,091. The company has a market cap of $3.84 million, a PE ratio of -0.10 and a beta of 1.23. OMNIQ has a 52 week low of $0.28 and a 52 week high of $6.35. The company has a 50-day simple moving average of $0.48 and a 200 day simple moving average of $0.56.

OMNIQ (NASDAQ:OMQS) last released its earnings results on Monday, April 1st. The company reported ($2.00) earnings per share for the quarter. The company had revenue of $15.45 million for the quarter.

About OMNIQ

OMNIQ Corp. provides artificial intelligence based solutions in the United States. It provides computerized and machine vision image processing solution to deliver data collection, real time surveillance, and monitoring for supply chain management, homeland security, public safety, traffic and parking management, and access control applications.