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Investors are betting against Mitek Systems (MITK), Should You?

Zacks Equity Research

Many investors appear to be quite bearish on Mitek Systems, Inc. (MITK), especially if you look at the percentage of the float that is sold short for this stock. Currently, 25.0% of the float is sold short, suggesting an extreme level of bearishness for MITK.

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we have a Zacks Rank #2 (Buy) on MITK, so we clearly don’t believe in the negativity surrounding this firm, and are instead looking for shares of MITK to move higher in the weeks ahead.

MITEK SYSTEMS INC (MITK): Free Stock Analysis Report

Zacks Investment Research