Metalpha Technology Holding Limited (NASDAQ:MATH) Sees Significant Growth in Short Interest

Metalpha Technology Holding Limited (NASDAQ:MATH) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 86,780 shares, a growth of 128.1% from the August 31st total of 38,044 shares. Based on an average daily trading volume, of 348,472 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Metalpha Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Metalpha Technology presently has a consensus rating of “Sell”.

Institutional Trading of Metalpha Technology

A hedge fund recently bought a new position in Metalpha Technology stock. Renaissance Technologies LLC acquired a new stake in Metalpha Technology Holding Limited (NASDAQ:MATH) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 46,100 shares of the company’s stock, valued at approximately $53,000. Renaissance Technologies LLC owned 0.12% of Metalpha Technology at the end of the most recent reporting period. 30.53% of the stock is owned by institutional investors.

Metalpha Technology Stock Up 5.0%

Shares of NASDAQ:MATH traded up $0.05 during trading on Monday, hitting $1.03. 78,969 shares of the company were exchanged, compared to its average volume of 79,680. Metalpha Technology has a fifty-two week low of $0.73 and a fifty-two week high of $4.10. The firm has a fifty day moving average price of $0.89 and a two-hundred day moving average price of $1.00.

Metalpha Technology (NASDAQ:MATH) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.05 EPS for the quarter. The company had revenue of $12.56 million during the quarter.

About Metalpha Technology

Metalpha Technology Holding Limited is a digital asset technology and wealth management company focused on serving institutional clients. The company develops and provides financial products and services related to digital assets, including structured products and other solutions designed to help institutions manage cryptocurrency exposure.

Metalpha has been associated with the development of digital asset investment and risk-management products, with its operations centered primarily on the cryptocurrency and blockchain sectors.