Micropolis Holding Co (NYSEAMERICAN:MCRP) Short Interest Update

Micropolis Holding Co (NYSEAMERICAN:MCRP) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 57,876 shares, a decrease of 43.7% from the May 14th total of 102,723 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 153,024 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Micropolis

Hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC acquired a new position in shares of Micropolis in the 1st quarter valued at $42,000. XTX Topco Ltd acquired a new position in shares of Micropolis in the 4th quarter valued at $57,000. PEAK6 LLC acquired a new position in shares of Micropolis in the 4th quarter valued at $376,000. Finally, WMG Financial Advisors LLC acquired a new stake in Micropolis during the 4th quarter worth about $114,000.

Micropolis Stock Performance

NYSEAMERICAN MCRP opened at $1.87 on Friday. The firm has a fifty day moving average price of $2.52. Micropolis has a 1 year low of $0.69 and a 1 year high of $4.61.

Analyst Ratings Changes

Separately, Maxim Group assumed coverage on Micropolis in a research report on Monday, March 2nd. They set a “buy” rating and a $8.00 price target on the stock. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $8.00.

Micropolis Company Profile

Micropolis Digital Development FZ-LLC (“Micropolis Dubai”), our wholly-owned subsidiary, is a robotics manufacturer founded in 2014, based in the United Arab Emirates (“UAE”) with its headquarters located in Dubai Production City, Dubai, UAE. We specialize in developing autonomous mobile robots (“AMRs”) that utilize wheeled electric vehicle (“EV”) platforms and are equipped with autonomous driving capabilities. We have historically conducted our business through Micropolis Dubai. For purposes of this Offering, in February 2023, we incorporated Micropolis Holding Company (“Micropolis Cayman”), an exempted company with limited liability under the laws of the Cayman Islands, as the listing vehicle for this Offering.