Metalpha Technology Holding Limited (NASDAQ:MATH) Short Interest Down 31.2% in January

Metalpha Technology Holding Limited (NASDAQ:MATH) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 69,563 shares, a decline of 31.2% from the January 15th total of 101,076 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 46,085 shares, the short-interest ratio is currently 1.5 days. Based on an average trading volume of 46,085 shares, the short-interest ratio is currently 1.5 days. Currently, 0.2% of the company’s shares are short sold.

Metalpha Technology Stock Up 11.2%

MATH stock traded up $0.14 during midday trading on Friday, hitting $1.39. The company’s stock had a trading volume of 123,824 shares, compared to its average volume of 76,099. The company’s fifty day moving average price is $2.17 and its 200 day moving average price is $2.79. Metalpha Technology has a twelve month low of $1.24 and a twelve month high of $4.17.

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, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MATH. HRT Financial LP grew its stake in Metalpha Technology by 242.0% in 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 in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Metalpha Technology by 11.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 79,344 shares of the company’s stock valued at $167,000 after buying an additional 8,353 shares in the last quarter. Geode Capital Management LLC acquired a new position in Metalpha Technology during the second quarter worth $100,000. Finally, FNY Investment Advisers LLC raised its position in Metalpha Technology by 714.4% during the second quarter. FNY Investment Advisers LLC now owns 157,229 shares of the company’s stock worth $503,000 after acquiring an additional 137,923 shares in the last quarter. 30.53% of the stock is owned by institutional investors and hedge funds.

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.