Micropolis Holding Co (NYSEAMERICAN:MCRP) Sees Significant Decrease in Short Interest

Micropolis Holding Co (NYSEAMERICAN:MCRP) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 126,806 shares, a drop of 50.7% from the June 30th total of 257,402 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 123,058 shares, the short-interest ratio is currently 1.0 days.

Micropolis Price Performance

Shares of MCRP traded up $0.01 during trading hours on Tuesday, reaching $1.30. 121,998 shares of the company traded hands, compared to its average volume of 341,807. The stock has a fifty day simple moving average of $1.87. Micropolis has a 12-month low of $0.69 and a 12-month high of $4.62.

Institutional Trading of Micropolis

Several hedge funds and other institutional investors have recently bought and sold shares of MCRP. WMG Financial Advisors LLC purchased a new position in shares of Micropolis in the 4th quarter valued at about $114,000. PEAK6 LLC acquired a new stake in Micropolis in the fourth quarter valued at approximately $376,000. XTX Topco Ltd purchased a new stake in shares of Micropolis in the fourth quarter valued at approximately $57,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Micropolis in the first quarter valued at approximately $42,000.

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.