WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Short Interest Update

WiMi Hologram Cloud Inc. (NASDAQ:WIMI - Get Free Report) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 3,390,000 shares, a decrease of 25.8% from the February 28th total of 4,570,000 shares. Based on an average daily trading volume, of 9,080,000 shares, the days-to-cover ratio is presently 0.4 days. Approximately 6.1% of the shares of the stock are sold short.

WiMi Hologram Cloud Price Performance

Shares of NASDAQ:WIMI traded down $0.32 during midday trading on Thursday, hitting $0.46. The stock had a trading volume of 7,870,033 shares, compared to its average volume of 3,421,882. The company's 50-day moving average price is $0.85 and its 200-day moving average price is $0.95. WiMi Hologram Cloud has a fifty-two week low of $0.41 and a fifty-two week high of $2.92.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC bought a new position in shares of WiMi Hologram Cloud in the 4th quarter valued at $33,000. Two Sigma Investments LP acquired a new stake in WiMi Hologram Cloud in the fourth quarter valued at about $45,000. Private Advisor Group LLC bought a new position in WiMi Hologram Cloud in the fourth quarter valued at about $54,000. Bravias Capital Group LLC acquired a new position in WiMi Hologram Cloud during the fourth quarter worth about $61,000. Finally, Virtu Financial LLC lifted its holdings in shares of WiMi Hologram Cloud by 97.9% in the third quarter. Virtu Financial LLC now owns 61,676 shares of the company's stock worth $64,000 after acquiring an additional 30,512 shares during the last quarter. 0.96% of the stock is currently owned by institutional investors and hedge funds.

WiMi Hologram Cloud Company Profile

WiMi Hologram Cloud Inc provides augmented reality (AR) based holographic services and products in China. It operates in three segments: AR Advertising Services, AR Entertainment, and Semiconductor Related Products and Services. The company primarily offers holographic AR advertising services and holographic AR entertainment products.