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Metalpha Technology Holding Limited (NASDAQ:MATH) Sees Significant Drop in Short Interest

Metalpha Technology logo with Computer and Technology background

Metalpha Technology Holding Limited (NASDAQ:MATH - Get Free Report) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 9,900 shares, a decrease of 41.4% from the March 31st total of 16,900 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 164,200 shares, the days-to-cover ratio is currently 0.1 days.

Metalpha Technology Price Performance

Shares of MATH stock traded down $0.09 on Friday, hitting $1.98. 101,806 shares of the company's stock traded hands, compared to its average volume of 66,769. Metalpha Technology has a one year low of $0.80 and a one year high of $2.78. The company's fifty day simple moving average is $1.74 and its 200 day simple moving average is $1.49.

Hedge Funds Weigh In On Metalpha Technology

A hedge fund recently bought a new stake in Metalpha Technology stock. FNY Investment Advisers LLC purchased a new stake in shares of Metalpha Technology Holding Limited (NASDAQ:MATH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,306 shares of the company's stock, valued at approximately $32,000. FNY Investment Advisers LLC owned about 0.05% of Metalpha Technology at the end of the most recent quarter. Institutional investors and hedge funds own 30.53% of the company's stock.

About Metalpha Technology

(Get Free Report)

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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