Metalpha Technology Holding Limited (NASDAQ:MATH) Short Interest Up 721.5% in May

Metalpha Technology Holding Limited (NASDAQ:MATH - Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 76,400 shares, an increase of 721.5% from the April 30th total of 9,300 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 129,700 shares, the short-interest ratio is presently 0.6 days.

Metalpha Technology Price Performance

NASDAQ:MATH traded up $0.02 during trading hours on Friday, hitting $3.00. 217,262 shares of the stock traded hands, compared to its average volume of 80,197. Metalpha Technology has a 1 year low of $0.80 and a 1 year high of $3.23. The stock has a 50 day moving average price of $2.02 and a 200 day moving average price of $1.67.

Institutional Trading of Metalpha Technology

Several institutional investors and hedge funds have recently modified their holdings of MATH. Goldman Sachs Group Inc. raised its stake in Metalpha Technology by 42.2% during 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 period. XTX Topco Ltd purchased a new position in shares of Metalpha Technology during the first quarter worth approximately $38,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Metalpha Technology during the first quarter valued at approximately $32,000. 30.53% of the stock is currently owned by institutional investors.

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.