Short Interest in Metalpha Technology Holding Limited (NASDAQ:MATH) Declines By 22.5%

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 - ) was the recipient of a significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 128,700 shares, adropof22.5% from the July 31st total of 166,000 shares. Approximately0.6% of the company's shares are short sold. Based on an average daily volume of 223,800 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 223,800 shares, the days-to-cover ratio is currently 0.6 days. Approximately0.6% of the company's shares are short sold.

Institutional Investors Weigh In On Metalpha Technology

Institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new stake in shares of Metalpha Technology in the first quarter valued at about $38,000. FNY Investment Advisers LLC acquired a new stake in shares of Metalpha Technology in the first quarter valued at about $32,000. Geode Capital Management LLC acquired a new stake in shares of Metalpha Technology in the second quarter valued at about $100,000. Finally, Goldman Sachs Group Inc. increased 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 valued at $35,000 after buying an additional 6,040 shares during the period. Institutional investors and hedge funds own 30.53% of the company's stock.

Metalpha Technology Price Performance

Metalpha Technology stock traded up $0.05 during trading hours on Tuesday, hitting $3.26. The stock had a trading volume of 22,328 shares, compared to its average volume of 183,485. Metalpha Technology has a one year low of $0.88 and a one year high of $4.17. The business's 50 day simple moving average is $3.22 and its 200-day simple moving average is $2.62.

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.

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