Metalpha Technology Holding Limited (NASDAQ:MATH) Short Interest Update

Metalpha Technology Holding Limited (NASDAQ:MATH) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 115,365 shares, a decline of 18.8% from the November 30th total of 142,114 shares. Based on an average trading volume of 58,206 shares, the short-interest ratio is currently 2.0 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 58,206 shares, the short-interest ratio is currently 2.0 days.

Metalpha Technology Trading Down 4.5%

NASDAQ MATH opened at $2.10 on Friday. Metalpha Technology has a 12-month low of $1.04 and a 12-month high of $4.17. The company has a 50 day moving average price of $2.73 and a two-hundred day moving average price of $3.10.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Metalpha Technology in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Institutional Investors Weigh In On Metalpha Technology

A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in Metalpha Technology by 42.2% during the first quarter. Goldman Sachs Group Inc. now owns 20,346 shares of the company’s stock valued at $35,000 after buying an additional 6,040 shares in the last quarter. Geode Capital Management LLC acquired a new position in shares of Metalpha Technology during the 2nd quarter valued at about $100,000. Finally, FNY Investment Advisers LLC raised its stake in shares of Metalpha Technology by 714.4% in the 2nd quarter. FNY Investment Advisers LLC now owns 157,229 shares of the company’s stock valued at $503,000 after acquiring an additional 137,923 shares in the last quarter. 30.53% of the stock is currently owned by institutional investors.

Metalpha Technology Company Profile

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.