WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Short Interest Up 244.2% in March

WiMi Hologram Cloud Inc. (NASDAQ:WIMI - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 11,670,000 shares, an increase of 244.2% from the March 15th total of 3,390,000 shares. Based on an average trading volume of 11,820,000 shares, the short-interest ratio is presently 1.0 days. Approximately 20.9% of the shares of the company are short sold.

Hedge Funds Weigh In On WiMi Hologram Cloud

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Garden State Investment Advisory Services LLC bought a new stake in WiMi Hologram Cloud during the 3rd quarter valued at $178,000. SBI Securities Co. Ltd. acquired a new position in shares of WiMi Hologram Cloud during the fourth quarter valued at $190,000. Marshall Wace LLP bought a new stake in shares of WiMi Hologram Cloud during the fourth quarter valued at about $169,000. Two Sigma Securities LLC lifted its holdings in WiMi Hologram Cloud by 83.9% in the fourth quarter. Two Sigma Securities LLC now owns 85,868 shares of the company's stock worth $159,000 after purchasing an additional 39,176 shares during the period. Finally, Stifel Financial Corp bought a new position in WiMi Hologram Cloud in the 4th quarter valued at about $142,000. 0.96% of the stock is owned by institutional investors.

WiMi Hologram Cloud Trading Down 11.0 %

WiMi Hologram Cloud stock traded down $0.52 during midday trading on Friday, reaching $4.20. 1,088,671 shares of the stock traded hands, compared to its average volume of 236,692. The firm has a fifty day moving average price of $13.59 and a two-hundred day moving average price of $17.98. WiMi Hologram Cloud has a fifty-two week low of $3.82 and a fifty-two week high of $58.40.

WiMi Hologram Cloud Company Profile

WiMi Hologram Cloud Inc provides augmented reality (AR) based holographic services and products in China. It operates in three segments: AR Advertising Services, AR Entertainment, and Semiconductor Related Products and Services. The company primarily offers holographic AR advertising services and holographic AR entertainment products.