Metalpha Technology Holding Limited (NASDAQ:MATH) Short Interest Down 34.4% in June

Metalpha Technology Holding Limited (NASDAQ:MATH) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 44,999 shares, a decline of 34.4% from the June 15th total of 68,614 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 50,480 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Metalpha Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, June 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Metalpha Technology Stock Performance

NASDAQ:MATH opened at $0.94 on Friday. Metalpha Technology has a 12-month low of $0.84 and a 12-month high of $4.10. The stock’s fifty day simple moving average is $0.99 and its 200-day simple moving average is $1.31.

Institutional Trading of Metalpha Technology

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its position in shares of Metalpha Technology by 42.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,346 shares of the company’s stock valued at $35,000 after acquiring an additional 6,040 shares during the period. HRT Financial LP grew its holdings in Metalpha Technology by 242.0% during the fourth 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 period. Geode Capital Management LLC acquired a new position in Metalpha Technology during the second quarter valued at approximately $100,000. Finally, Renaissance Technologies LLC bought a new stake in Metalpha Technology in the first quarter valued at approximately $53,000. 30.53% of the stock is owned by institutional investors.

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