Short Interest in Micropolis Holding Co (NYSEAMERICAN:MCRP) Increases By 692.5%

Micropolis Holding Co (NYSEAMERICAN:MCRP) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 257,402 shares, a growth of 692.5% from the June 15th total of 32,480 shares. Based on an average daily trading volume, of 2,383,998 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Micropolis

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PEAK6 LLC acquired a new stake in shares of Micropolis in the 4th quarter valued at approximately $376,000. WMG Financial Advisors LLC acquired a new stake in Micropolis in the fourth quarter worth $114,000. XTX Topco Ltd acquired a new stake in Micropolis in the fourth quarter worth $57,000. Finally, Renaissance Technologies LLC bought a new position in shares of Micropolis during the first quarter worth $42,000.

Micropolis Stock Performance

Shares of NYSEAMERICAN:MCRP opened at $1.48 on Monday. Micropolis has a 12 month low of $0.69 and a 12 month high of $4.62. The stock’s 50-day moving average is $2.20.

About Micropolis

Micropolis Digital Development FZ-LLC (“Micropolis Dubai”), our wholly-owned subsidiary, is a robotics manufacturer founded in 2014, based in the United Arab Emirates (“UAE”) with its headquarters located in Dubai Production City, Dubai, UAE. We specialize in developing autonomous mobile robots (“AMRs”) that utilize wheeled electric vehicle (“EV”) platforms and are equipped with autonomous driving capabilities. We have historically conducted our business through Micropolis Dubai. For purposes of this Offering, in February 2023, we incorporated Micropolis Holding Company (“Micropolis Cayman”), an exempted company with limited liability under the laws of the Cayman Islands, as the listing vehicle for this Offering.