Short Interest in QT Imaging Holdings, Inc. (NASDAQ:QTI) Expands By 114.3%

QT Imaging Holdings, Inc. (NASDAQ:QTI) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 161,600 shares, an increase of 114.3% from the October 31st total of 75,400 shares. Based on an average trading volume of 120,700 shares, the short-interest ratio is presently 1.3 days. Currently, 3.0% of the company’s stock are short sold.

QT Imaging Price Performance

Shares of NASDAQ QTI remained flat at $0.48 during midday trading on Thursday. 65,193 shares of the stock were exchanged, compared to its average volume of 176,654. The firm has a fifty day moving average price of $0.61 and a 200-day moving average price of $0.66. QT Imaging has a twelve month low of $0.41 and a twelve month high of $14.40.

Insider Buying and Selling at QT Imaging

In related news, Chairman Avi S. Katz bought 470,890 shares of the stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of $0.58 per share, for a total transaction of $273,116.20. Following the completion of the purchase, the chairman now directly owns 657,960 shares of the company’s stock, valued at $381,616.80. This represents a 251.72 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James S. Greene purchased 428,082 shares of QT Imaging stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average price of $0.58 per share, with a total value of $248,287.56. Following the completion of the transaction, the director now owns 628,082 shares of the company’s stock, valued at $364,287.56. This represents a 214.04 % increase in their position. The disclosure for this purchase can be found here. 75.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lynrock Lake LP purchased a new position in QT Imaging during the second quarter worth approximately $191,000. Atlas Merchant Capital LLC acquired a new position in shares of QT Imaging during the second quarter valued at approximately $33,000. Finally, Virtu Financial LLC purchased a new position in shares of QT Imaging in the first quarter valued at approximately $55,000. Hedge funds and other institutional investors own 24.19% of the company’s stock.

QT Imaging Company Profile

QT Imaging Holdings, Inc engages in the research, development, and commercialization of body imaging systems for detection, diagnosis, monitoring, and treatment of diseases. The company offers QT Ultrasound Breast Scanner, an ultrasonic imaging system that provides reflection-mode and transmission-mode images of a patient’s breast.