WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Short Interest Up 164.2% in April

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 830,040 shares, a growth of 164.2% from the April 15th total of 314,133 shares. Currently, 7.0% of the shares of the stock are short sold. Based on an average trading volume of 1,965,083 shares, the days-to-cover ratio is presently 0.4 days.

WiMi Hologram Cloud Stock Down 1.7%

WiMi Hologram Cloud stock opened at $1.52 on Friday. WiMi Hologram Cloud has a fifty-two week low of $1.46 and a fifty-two week high of $5.65. The stock’s 50 day simple moving average is $1.81 and its two-hundred day simple moving average is $2.37.

WiMi Hologram Cloud (NASDAQ:WIMI) last released its quarterly earnings results on Friday, April 24th. The company reported $1.64 earnings per share for the quarter, beating the consensus estimate of ($0.40) by $2.04. The firm had revenue of $17.04 million for the quarter, compared to the consensus estimate of $123.28 million.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of WiMi Hologram Cloud in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, WiMi Hologram Cloud presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On WiMi Hologram Cloud

An institutional investor recently bought a new position in WiMi Hologram Cloud stock. XTX Topco Ltd purchased a new position in WiMi Hologram Cloud Inc. (NASDAQ:WIMI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,569 shares of the company’s stock, valued at approximately $72,000. XTX Topco Ltd owned approximately 0.31% of WiMi Hologram Cloud as of its most recent SEC filing. Institutional investors and hedge funds own 0.96% of the company’s stock.

About WiMi Hologram Cloud

WiMi Hologram Cloud Inc is a technology company specializing in the development and delivery of cloud-based holographic augmented reality (AR) solutions. Its core offering is a proprietary holographic cloud platform that integrates advanced computer vision, artificial intelligence and 3D rendering algorithms to power immersive AR experiences. The company’s services span content creation, distribution and deployment, enabling enterprises and developers to integrate holographic effects into applications ranging from live streaming and virtual events to interactive advertising campaigns.

Through its platform, WiMi Hologram Cloud distributes a digital library of holographic assets—such as 3D models, animations and special effects—that can be accessed on demand.