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

Metalpha Technology Holding Limited (NASDAQ:MATH) saw a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 39,611 shares, a decline of 87.8% from the February 12th total of 324,878 shares. Based on an average daily volume of 69,146 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 69,146 shares, the short-interest ratio is currently 0.6 days.

Metalpha Technology Trading Up 3.4%

NASDAQ MATH traded up $0.04 during trading hours on Wednesday, hitting $1.23. 18,328 shares of the company were exchanged, compared to its average volume of 64,168. Metalpha Technology has a 52 week low of $1.10 and a 52 week high of $4.17. The stock has a 50-day moving average price of $1.73 and a 200 day moving average price of $2.58.

Metalpha Technology (NASDAQ:MATH) last announced its earnings results on Friday, February 20th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $6.01 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Metalpha Technology in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MATH. Goldman Sachs Group Inc. lifted its holdings in shares of Metalpha Technology by 11.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 79,344 shares of the company’s stock worth $167,000 after acquiring an additional 8,353 shares during the last quarter. HRT Financial LP grew its holdings in Metalpha Technology by 242.0% during the 4th quarter. HRT Financial LP now owns 35,763 shares of the company’s stock valued at $75,000 after purchasing an additional 25,305 shares during the last quarter. Finally, Geode Capital Management LLC bought a new position in Metalpha Technology during the 2nd quarter valued at about $100,000. Institutional investors own 30.53% of the company’s stock.

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. It serves institutional investors and high-net-worth individuals.