Metalpha Technology Holding Limited (NASDAQ:MATH) Short Interest Down 22.5% in August

Key Points

• Short interest in Metalpha Technology Holding Limited decreased by 22.5% in August, from 166,000 shares to 128,700 shares, indicating a lower sentiment among short sellers.
• Institutional investors and hedge funds now own 30.53% of the company's stock, with notable acquisitions from firms such as Goldman Sachs and Geode Capital Management.
• The stock reached a trading price of $3.26, reflecting a significant increase from its one-year low of $0.88.

Metalpha Technology Holding Limited (NASDAQ:MATH - Get Free Report) was the target of a significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 128,700 shares, a drop of 22.5% from the July 31st total of 166,000 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 223,800 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 223,800 shares, the short-interest ratio is currently 0.6 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Metalpha Technology

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its stake in shares of Metalpha Technology by 42.2% in the first quarter. Goldman Sachs Group Inc. now owns 20,346 shares of the company's stock worth $35,000 after acquiring an additional 6,040 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Metalpha Technology in the first quarter worth $32,000. XTX Topco Ltd acquired a new stake in shares of Metalpha Technology in the first quarter worth $38,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Metalpha Technology in the second quarter worth $100,000. Institutional investors and hedge funds own 30.53% of the company's stock.

Metalpha Technology Trading Up 10.8%

Shares of Metalpha Technology stock traded up $0.35 during midday trading on Friday, hitting $3.59. The company had a trading volume of 323,399 shares, compared to its average volume of 132,233. The business's 50 day simple moving average is $3.21 and its two-hundred day simple moving average is $2.65. Metalpha Technology has a 1-year low of $0.88 and a 1-year high of $4.17.

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.