Short Interest in Mitek Systems, Inc. (NASDAQ:MITK) Expands By 28.9%
Mitek Systems (NASDAQ:MITK) experienced a significant increase in short interest, growing by 28.9% to 2,906,159 shares as of April 15th, representing 6.6% of its shares sold short. This comes as COO Garrett Gafke sold a substantial portion of his holdings, while institutional investors have been adjusting their positions. The company's stock recently traded down by 3.2%, and analysts have a consensus "Hold" rating with a target price of $16.00.