Metalpha Technology Holding Limited (NASDAQ:MATH – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 50,770 shares, a drop of 41.5% from the September 15th total of 86,780 shares. Based on an average trading volume of 61,384 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the company’s shares are sold short.
Hedge Funds Weigh In On Metalpha Technology
A hedge fund recently bought a new stake in Metalpha Technology stock. Renaissance Technologies LLC acquired a new position in Metalpha Technology Holding Limited (NASDAQ:MATH – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 46,100 shares of the company’s stock, valued at approximately $53,000. Renaissance Technologies LLC owned about 0.12% of Metalpha Technology as of its most recent SEC filing. 30.53% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded shares of Metalpha Technology from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Metalpha Technology Stock Performance
Metalpha Technology stock traded up $0.01 during midday trading on Thursday, reaching $1.09. The stock had a trading volume of 21,362 shares, compared to its average volume of 79,131. The company has a fifty day moving average price of $0.93 and a two-hundred day moving average price of $0.99. Metalpha Technology has a 12 month low of $0.73 and a 12 month high of $3.47.
Metalpha Technology (NASDAQ:MATH – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.05 EPS for the quarter. The firm had revenue of $0.53 million for the quarter.
Metalpha Technology Company Profile
Metalpha Technology Holding Limited (NASDAQ:MATH) is a digital asset wealth management company that develops and provides cryptocurrency-related financial products and services. Its offerings are designed primarily for institutional and professional investors seeking exposure to digital assets through structured investment solutions.
The company has focused on customized digital asset products, including derivatives and other structured arrangements linked to cryptocurrencies such as Bitcoin.
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