MicroCloud Hologram Inc. (NASDAQ:HOLO) Short Interest Down 16.8% in January

MicroCloud Hologram Inc. (NASDAQ:HOLO) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 940,054 shares, a decline of 16.8% from the December 31st total of 1,130,298 shares. Currently, 6.5% of the shares of the stock are short sold. Based on an average daily volume of 638,416 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 638,416 shares, the short-interest ratio is currently 1.5 days. Currently, 6.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On MicroCloud Hologram

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in MicroCloud Hologram in the third quarter valued at $34,000. Qube Research & Technologies Ltd acquired a new stake in shares of MicroCloud Hologram in the 3rd quarter valued at $70,000. Finally, Moody National Bank Trust Division purchased a new stake in MicroCloud Hologram during the 3rd quarter worth about $345,000. 2.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of MicroCloud Hologram in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

MicroCloud Hologram Stock Performance

Shares of NASDAQ HOLO traded up $0.03 during mid-day trading on Monday, reaching $2.42. 320,506 shares of the company’s stock were exchanged, compared to its average volume of 607,833. The company’s 50-day moving average is $3.02 and its 200-day moving average is $4.04. The firm has a market capitalization of $35.19 million, a price-to-earnings ratio of 0.00 and a beta of 3.27. MicroCloud Hologram has a 52-week low of $2.28 and a 52-week high of $72.40.

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.