Metalpha Technology Holding Limited (NASDAQ:MATH) Sees Large Decrease in Short Interest

Metalpha Technology Holding Limited (NASDAQ:MATH) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 115,365 shares, a decline of 18.8% from the November 30th total of 142,114 shares. Based on an average daily volume of 58,206 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 58,206 shares, the days-to-cover ratio is presently 2.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Metalpha Technology in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Metalpha Technology Stock Performance

NASDAQ MATH traded down $0.10 on Wednesday, reaching $2.10. The stock had a trading volume of 64,377 shares, compared to its average volume of 48,058. The firm has a fifty day moving average of $2.75 and a two-hundred day moving average of $3.11. Metalpha Technology has a 1-year low of $1.04 and a 1-year high of $4.17.

Institutional Trading of Metalpha Technology

Several hedge funds and other institutional investors have recently bought and sold shares of MATH. Goldman Sachs Group Inc. increased its stake 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 purchasing an additional 6,040 shares during the last quarter. Geode Capital Management LLC bought a new stake in shares of Metalpha Technology during the 2nd quarter worth $100,000. Finally, FNY Investment Advisers LLC boosted its stake in Metalpha Technology by 714.4% in the second quarter. FNY Investment Advisers LLC now owns 157,229 shares of the company’s stock valued at $503,000 after buying an additional 137,923 shares in the last quarter. Institutional investors and hedge funds 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.