MicroCloud Hologram Inc. (NASDAQ:HOLO) Sees Significant Increase in Short Interest

MicroCloud Hologram Inc. (NASDAQ:HOLO - Get Free Report) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 5,640,000 shares, a growth of 104.3% from the December 15th total of 2,760,000 shares. Approximately 27.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,830,000 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On MicroCloud Hologram

Institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd increased its position in shares of MicroCloud Hologram by 1,488.2% in the third quarter. XTX Topco Ltd now owns 174,637 shares of the company's stock worth $63,000 after acquiring an additional 163,641 shares in the last quarter. Jane Street Group LLC grew its position in MicroCloud Hologram by 336.3% during the 3rd quarter. Jane Street Group LLC now owns 422,656 shares of the company's stock worth $152,000 after purchasing an additional 325,785 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in MicroCloud Hologram by 1,122.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 428,000 shares of the company's stock worth $351,000 after purchasing an additional 393,000 shares in the last quarter. Hedge funds and other institutional investors own 2.13% of the company's stock.

MicroCloud Hologram Price Performance

NASDAQ:HOLO traded down $0.07 during mid-day trading on Thursday, reaching $1.82. 66,140,040 shares of the stock were exchanged, compared to its average volume of 32,903,012. The business has a fifty day moving average price of $2.36 and a 200 day moving average price of $5.81. MicroCloud Hologram has a 1-year low of $1.23 and a 1-year high of $1,968.00.

MicroCloud Hologram Company Profile

MicroCloud Hologram Inc provides holographic technology services worldwide. It operates in two segments, Holographic Solutions and Holographic Technology Service. Its services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.