MicroCloud Hologram Inc. (NASDAQ:HOLO) Short Interest Up 81.6% in July

Key Points

• MicroCloud Hologram Inc. experienced an **81.6% increase** in short interest in July, reaching a total of **1,680,000 shares** shorted.
• Universal Beteiligungs und Servicegesellschaft mbH bought **205,000 shares** of MicroCloud Hologram, representing about **15.04%** of the company as of the latest reporting.
• The stock opened at **$4.46**, with a significant volatility range evidenced by a **one year high of $608.00** and a low of **$4.16**.

MicroCloud Hologram Inc. (NASDAQ:HOLO - Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,680,000 shares, agrowthof81.6% from the June 30th total of 925,000 shares. Approximately36.4% of the shares of the stock are sold short. Based on an average daily volume of 4,340,000 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 4,340,000 shares, the short-interest ratio is presently 0.4 days. Approximately36.4% of the shares of the stock are sold short.

MicroCloud Hologram Stock Up 0.7%

MicroCloud Hologram stock traded up $0.03 during trading hours on Friday, hitting $4.59. The stock had a trading volume of 620,720 shares, compared to its average volume of 4,315,662. The stock's fifty day moving average is $5.03 and its two-hundred day moving average is $21.73. MicroCloud Hologram has a 1-year low of $4.16 and a 1-year high of $608.00.

Hedge Funds Weigh In On MicroCloud Hologram

An institutional investor recently raised its position in MicroCloud Hologram stock. SBI Securities Co. Ltd. grew its stake in shares of MicroCloud Hologram Inc. (NASDAQ:HOLO - Free Report) by 52.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,858 shares of the company's stock after buying an additional 24,852 shares during the quarter. SBI Securities Co. Ltd. owned about 5.27% of MicroCloud Hologram worth $59,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 2.13% of the company's stock.

About MicroCloud Hologram

MicroCloud Hologram Inc provides holographic technology services worldwide. It operates in two segments, Holographic Solutions and Holographic Technology Service. Its services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems.