Metalpha Technology Holding Limited (NASDAQ:MATH) Sees Large Increase in Short Interest

Metalpha Technology Holding Limited (NASDAQ:MATH) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 81,832 shares, a growth of 146.7% from the April 15th total of 33,176 shares. Based on an average trading volume of 97,001 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Metalpha Technology

A number of large investors have recently bought and sold shares of MATH. Goldman Sachs Group Inc. raised its stake in Metalpha Technology by 42.2% in the first quarter. Goldman Sachs Group Inc. now owns 20,346 shares of the company’s stock worth $35,000 after buying an additional 6,040 shares in the last quarter. Geode Capital Management LLC bought a new position in Metalpha Technology in the second quarter worth approximately $100,000. HRT Financial LP raised its stake in Metalpha Technology by 242.0% in the fourth quarter. HRT Financial LP now owns 35,763 shares of the company’s stock worth $75,000 after buying an additional 25,305 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Metalpha Technology in the first quarter worth approximately $53,000. Institutional investors own 30.53% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Metalpha Technology from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Metalpha Technology Price Performance

Shares of MATH traded down $0.05 during midday trading on Friday, reaching $0.93. 140,569 shares of the stock were exchanged, compared to its average volume of 129,539. Metalpha Technology has a 52 week low of $0.91 and a 52 week high of $4.17. The company’s 50 day moving average is $1.13 and its two-hundred day moving average is $1.87.

Metalpha Technology (NASDAQ:MATH) last posted its quarterly earnings results on Friday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $12.02 million during the quarter.

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.