Micropolis Holding Co (NYSEAMERICAN:MCRP) Sees Significant Increase in Short Interest

Micropolis Holding Co (NYSEAMERICAN:MCRP) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 257,402 shares, a growth of 692.5% from the June 15th total of 32,480 shares. Based on an average daily volume of 2,383,998 shares, the short-interest ratio is presently 0.1 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

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 worth approximately $42,000. XTX Topco Ltd acquired a new stake in shares of Micropolis during the 4th quarter valued at approximately $57,000. WMG Financial Advisors LLC bought a new position in Micropolis during the fourth quarter worth $114,000. Finally, PEAK6 LLC bought a new position in Micropolis during the fourth quarter worth $376,000.

Micropolis Price Performance

NYSEAMERICAN:MCRP remained flat at $1.50 during mid-day trading on Friday. The company had a trading volume of 92,883 shares, compared to its average volume of 1,236,092. Micropolis has a fifty-two week low of $0.69 and a fifty-two week high of $4.62. The company has a fifty day simple moving average of $2.20.

About Micropolis

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.