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

MicroCloud Hologram Inc. (NASDAQ:HOLO - Get Free Report) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 9,370,000 shares, a growth of 17.9% from the February 13th total of 7,950,000 shares. Based on an average daily volume of 31,470,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 45.8% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its stake in shares of MicroCloud Hologram by 336.3% in the 3rd quarter. Jane Street Group LLC now owns 422,656 shares of the company's stock valued at $152,000 after purchasing an additional 325,785 shares during the period. Bravias Capital Group LLC acquired a new stake in MicroCloud Hologram in the 4th quarter valued at $162,000. SBI Securities Co. Ltd. bought a new stake in MicroCloud Hologram in the fourth quarter valued at $232,000. Virtu Financial LLC acquired a new position in MicroCloud Hologram during the fourth quarter worth $53,000. Finally, XTX Topco Ltd raised its stake in MicroCloud Hologram by 1,488.2% during 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. Institutional investors own 2.13% of the company's stock.

MicroCloud Hologram Stock Up 32.4 %

HOLO traded up $0.24 during trading on Friday, reaching $1.00. 140,812,343 shares of the company's stock were exchanged, compared to its average volume of 10,756,978. The business has a 50 day moving average price of $1.32 and a 200 day moving average price of $2.82. MicroCloud Hologram has a fifty-two week low of $0.67 and a fifty-two week high of $97.20.

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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.