Mercurity Fintech Holding Inc. (NASDAQ:MFH - Get Free Report) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 489,000 shares, a decline of 14.7% from the January 31st total of 573,500 shares. Based on an average daily trading volume, of 143,400 shares, the days-to-cover ratio is currently 3.4 days.
Mercurity Fintech Trading Down 0.2 %
Shares of Mercurity Fintech stock traded down $0.01 on Friday, hitting $5.18. The company had a trading volume of 173,681 shares, compared to its average volume of 127,538. The business has a 50-day simple moving average of $6.71 and a 200-day simple moving average of $4.29. Mercurity Fintech has a 52 week low of $1.03 and a 52 week high of $8.86.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC bought a new position in shares of Mercurity Fintech in the fourth quarter valued at approximately $706,000. 683 Capital Management LLC bought a new position in shares of Mercurity Fintech in the fourth quarter valued at approximately $423,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Mercurity Fintech in the fourth quarter valued at approximately $420,000. Geode Capital Management LLC boosted its holdings in shares of Mercurity Fintech by 16.3% in the fourth quarter. Geode Capital Management LLC now owns 29,969 shares of the company's stock valued at $205,000 after acquiring an additional 4,201 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Mercurity Fintech in the fourth quarter valued at approximately $174,000. 30.82% of the stock is currently owned by institutional investors.
Mercurity Fintech Company Profile
(
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Mercurity Fintech Holding Inc operates as a fintech company powered by blockchain. The company provides digital asset trading infrastructure solutions based on internet and blockchain technologies for cryptocurrency traders; and asset digitalization platform, which offers blockchain-based digitalization solutions for traditional assets, such as fiat currencies, bonds, and precious metals.
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