Metalpha Technology Holding Limited (NASDAQ:MATH - Get Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 76,400 shares, a growth of 721.5% from the April 30th total of 9,300 shares. Based on an average daily volume of 129,700 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company's stock are short sold.
Institutional Trading of Metalpha Technology
A number of institutional investors have recently bought and sold shares of MATH. XTX Topco Ltd acquired a new stake in Metalpha Technology during the first quarter valued at $38,000. FNY Investment Advisers LLC acquired a new stake in Metalpha Technology during the first quarter valued at $32,000. Finally, Goldman Sachs Group Inc. boosted its position in Metalpha Technology by 42.2% during the first 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. Institutional investors and hedge funds own 30.53% of the company's stock.
Metalpha Technology Price Performance
Shares of MATH traded down $0.07 during mid-day trading on Monday, reaching $3.15. The company's stock had a trading volume of 508,376 shares, compared to its average volume of 82,197. Metalpha Technology has a 1 year low of $0.80 and a 1 year high of $3.40. The business has a fifty day moving average of $2.05 and a 200 day moving average of $1.70.
Metalpha Technology Company Profile
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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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