Metalpha Technology Holding Limited (NASDAQ:MATH) Short Interest Update

Key Points

• Short interest in Metalpha Technology Holding Limited rose by 32.9% in August, reaching a total of 171,100 shares sold short, equating to approximately 0.8% of the company’s stock.
• Institutional ownership has grown, with notable investments from firms like Goldman Sachs, which increased its position by 42.2% in the first quarter, now holding over 20,000 shares.
• The stock performance indicates a trading price of $3.51 and a significant increase from its 1-year low of $0.88, suggesting improved market confidence.

Metalpha Technology Holding Limited (NASDAQ:MATH - Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 171,100 shares, an increase of 32.9% from the August 15th total of 128,700 shares. Approximately 0.8% of the company's shares are sold short. Based on an average daily volume of 198,400 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 198,400 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the company's shares are sold short.

Hedge Funds Weigh In On Metalpha Technology

Hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC purchased a new position in shares of Metalpha Technology in the 1st quarter valued at $32,000. Goldman Sachs Group Inc. grew its holdings in Metalpha Technology by 42.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,346 shares of the company's stock valued at $35,000 after purchasing an additional 6,040 shares in the last quarter. XTX Topco Ltd acquired a new stake in Metalpha Technology during the 1st quarter valued at $38,000. Finally, Geode Capital Management LLC acquired a new stake in Metalpha Technology during the 2nd quarter valued at $100,000. Hedge funds and other institutional investors own 30.53% of the company's stock.

Metalpha Technology Stock Performance

NASDAQ:MATH traded up $0.10 during trading hours on Friday, reaching $3.64. 244,716 shares of the company were exchanged, compared to its average volume of 151,722. The stock has a 50 day simple moving average of $3.19 and a 200 day simple moving average of $2.72. Metalpha Technology has a 52-week low of $0.88 and a 52-week high of $4.17.

About Metalpha Technology

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.