Short Interest in Metalpha Technology Holding Limited (NASDAQ:MATH) Increases By 367.0%

Metalpha Technology Holding Limited (NASDAQ:MATH) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 324,878 shares, a growth of 367.0% from the January 29th total of 69,563 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 116,985 shares, the short-interest ratio is currently 2.8 days. Based on an average trading volume of 116,985 shares, the short-interest ratio is currently 2.8 days. Approximately 0.8% of the company’s shares are short sold.

Institutional Investors Weigh In On Metalpha Technology

A number of large investors have recently modified their holdings of MATH. Goldman Sachs Group Inc. lifted its position in Metalpha Technology by 42.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,346 shares of the company’s stock worth $35,000 after acquiring an additional 6,040 shares in the last quarter. HRT Financial LP raised its stake in shares of Metalpha Technology by 242.0% during 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 during the period. Finally, Geode Capital Management LLC acquired a new position in shares of Metalpha Technology during the second quarter worth $100,000. Institutional investors and hedge funds own 30.53% of the company’s stock.

Metalpha Technology Trading Up 0.8%

MATH stock traded up $0.01 during midday trading on Friday, reaching $1.20. 40,510 shares of the company’s stock traded hands, compared to its average volume of 93,456. Metalpha Technology has a fifty-two week low of $1.14 and a fifty-two week high of $4.17. The business has a 50-day moving average price of $1.89 and a two-hundred day moving average price of $2.66.

Metalpha Technology (NASDAQ:MATH) last issued its earnings results on Friday, February 20th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $6.01 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Metalpha Technology in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Metalpha Technology currently has an average rating of “Hold”.

About Metalpha Technology

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.