Metalpha Technology Holding Limited (NASDAQ:MATH) Sees Large Growth in Short Interest

Key Points

• Short interest in Metalpha Technology Holding Limited increased by 193.6% in July, rising to 159,400 shares from June's total of 54,300 shares.
• Institutional investors hold approximately 30.53% of Metalpha Technology's stock, with notable purchases from Goldman Sachs and other firms.
• Shares of Metalpha Technology opened at $3.21 on Monday, displaying a one-year trading range between a low of $0.80 and a high of $4.17.

Metalpha Technology Holding Limited (NASDAQ:MATH - ) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 159,400 shares, anincreaseof193.6% from the June 30th total of 54,300 shares. Based on an average daily volume of 218,600 shares, the days-to-cover ratio is currently 0.7 days. Approximately0.7% of the shares of the stock are sold short. Approximately0.7% of the shares of the stock are sold short. Based on an average daily volume of 218,600 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC purchased a new stake in shares of Metalpha Technology in the first quarter valued at about $32,000. Goldman Sachs Group Inc. boosted its holdings in Metalpha Technology by 42.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,346 shares of the company's stock valued at $35,000 after purchasing an additional 6,040 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Metalpha Technology in the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 30.53% of the company's stock.

Metalpha Technology Trading Down 1.2%

Shares of Metalpha Technology stock opened at $3.21 on Monday. The business's 50 day moving average price is $3.42 and its 200 day moving average price is $2.42. Metalpha Technology has a one year low of $0.80 and a one year high of $4.17.

Metalpha Technology Company Profile

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services.

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