Short Interest in MicroCloud Hologram Inc. (NASDAQ:HOLO) Rises By 103.3%

MicroCloud Hologram Inc. (NASDAQ:HOLO - Get Free Report) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 6,180,000 shares, a growth of 103.3% from the January 15th total of 3,040,000 shares. Currently, 30.2% of the company's stock are sold short. Based on an average daily trading volume, of 22,350,000 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC raised its stake in MicroCloud Hologram by 336.3% during the third quarter. Jane Street Group LLC now owns 422,656 shares of the company's stock valued at $152,000 after buying an additional 325,785 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of MicroCloud Hologram by 1,488.2% in the 3rd quarter. XTX Topco Ltd now owns 174,637 shares of the company's stock worth $63,000 after acquiring an additional 163,641 shares during the period. SBI Securities Co. Ltd. bought a new stake in MicroCloud Hologram in the 4th quarter valued at about $232,000. Bravias Capital Group LLC bought a new position in MicroCloud Hologram in the 4th quarter worth about $162,000. Finally, Virtu Financial LLC bought a new stake in shares of MicroCloud Hologram during the fourth quarter valued at approximately $53,000. 2.13% of the stock is owned by institutional investors and hedge funds.

MicroCloud Hologram Trading Down 7.3 %

HOLO traded down $0.09 on Wednesday, reaching $1.14. The company's stock had a trading volume of 19,460,774 shares, compared to its average volume of 30,514,146. MicroCloud Hologram has a 1 year low of $1.12 and a 1 year high of $1,057.80. The business's 50 day moving average is $2.03 and its 200 day moving average is $3.91.

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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.