MicroCloud Hologram Inc. (NASDAQ:HOLO) Short Interest Update

Key Points

• **MicroCloud Hologram Inc.** experienced a **60% increase** in short interest in September, with a total of **1,680,000 shares** sold short as of September 30th.
• The company's stock saw a decline of **8.2%**, trading down to **$4.13** with a fifty-two week low of **$4.08** and a high of **$370.00**.
• **Weiss Ratings** reaffirmed a **"sell"** rating for MicroCloud Hologram, indicating low confidence in the stock's performance, as reflected by an average rating of **"Sell"** among analysts.

MicroCloud Hologram Inc. (NASDAQ:HOLO - Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 1,680,000 shares, a growth of 60.0% from the September 15th total of 1,050,000 shares. Based on an average daily trading volume, of 2,890,000 shares, the days-to-cover ratio is presently 0.6 days. Currently, 12.0% of the company's stock are sold short. Currently, 12.0% of the company's stock are sold short. Based on an average daily trading volume, of 2,890,000 shares, the days-to-cover ratio is presently 0.6 days.

MicroCloud Hologram Trading Down 8.2%

Shares of MicroCloud Hologram stock traded down $0.37 during trading on Wednesday, hitting $4.13. The stock had a trading volume of 1,153,730 shares, compared to its average volume of 2,269,585. MicroCloud Hologram has a fifty-two week low of $4.08 and a fifty-two week high of $370.00. The business has a fifty day moving average of $4.85 and a two-hundred day moving average of $6.87.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of MicroCloud Hologram in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of "Sell".

Institutional Investors Weigh In On MicroCloud Hologram

A number of institutional investors and hedge funds have recently modified their holdings of HOLO. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of MicroCloud Hologram during the first quarter valued at $169,000. Moody National Bank Trust Division purchased a new stake in shares of MicroCloud Hologram during the third quarter valued at $345,000. Finally, SBI Securities Co. Ltd. lifted its stake in MicroCloud Hologram by 52.9% during the first quarter. SBI Securities Co. Ltd. now owns 71,858 shares of the company's stock valued at $59,000 after buying an additional 24,852 shares in the last quarter. Institutional investors and hedge funds own 2.13% of the company's stock.

MicroCloud Hologram Company Profile

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.

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