Seeking Alpha

Heavily-shorted Mitek (MITK +10.7%) has shot higher after beating FQ1 estimates on the back of...

Heavily-shorted Mitek (MITK +10.7%) has shot higher after beating FQ1 estimates on the back of strong bookings for its Mobile Deposit and Mobile Photo Bill Pay products. The company mentioned on its earnings call 318 banks are now actively using Mobile Deposit, up from 215 at the end of FQ4, and that it's also working with 3 of the top 5 insurance companies on mobile auto quote solutions that rely on information captured from driver's licenses and vehicle ID numbers.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs