BlueCity Holdings Limited (NASDAQ:BLCT) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 113,300 shares, a decrease of 26.9% from the March 31st total of 155,000 shares. Based on an average daily volume of 387,800 shares, the short-interest ratio is presently 0.3 days.
A number of large investors have recently modified their holdings of BLCT. Axel Capital Management LLC purchased a new stake in BlueCity in the 4th quarter valued at $152,000. UG Investment Advisers Ltd. purchased a new stake in BlueCity in the 4th quarter valued at $7,278,000. FIL Ltd purchased a new stake in BlueCity in the 4th quarter valued at $5,079,000. Vident Investment Advisory LLC grew its holdings in BlueCity by 94.7% in the 4th quarter. Vident Investment Advisory LLC now owns 31,652 shares of the company’s stock valued at $320,000 after buying an additional 15,392 shares in the last quarter. Finally, Waters Parkerson & CO. LLC purchased a new position in shares of BlueCity during the 4th quarter worth $116,000. Institutional investors own 2.00% of the company’s stock.
NASDAQ BLCT traded down $0.24 on Tuesday, reaching $7.80. 1,702 shares of the company’s stock traded hands, compared to its average volume of 369,411. BlueCity has a fifty-two week low of $7.95 and a fifty-two week high of $35.89. The stock has a 50 day moving average price of $9.26 and a 200-day moving average price of $10.63.
BlueCity Holdings Limited operates a platform for LGBTQ community primarily under BlueCity brand in China, India, Korea, Thailand, and Vietnam. It operates a mobile app Blued, together with other products and services. Its LGBTQ platforms provide products and services, including social and entertainment, online health consulting and online pharmacy, and assisted reproductive technology service.
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