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

Micropolis Holding Co (NYSEAMERICAN:MCRP) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 189,513 shares, an increase of 49.5% from the July 15th total of 126,806 shares. Based on an average daily volume of 220,128 shares, the short-interest ratio is presently 0.9 days. Approximately 0.5% of the shares of the stock are short sold.

Micropolis Stock Up 12.0%

MCRP stock traded up $0.14 during mid-day trading on Tuesday, hitting $1.30. The company had a trading volume of 601,922 shares, compared to its average volume of 328,643. The company has a 50-day moving average price of $1.49 and a 200 day moving average price of $2.44. Micropolis has a 12-month low of $0.69 and a 12-month high of $4.62.

Hedge Funds Weigh In On Micropolis

A number of institutional investors and hedge funds have recently modified their holdings of MCRP. WMG Financial Advisors LLC purchased a new position in shares of Micropolis during the fourth quarter valued at approximately $114,000. Renaissance Technologies LLC purchased a new stake in shares of Micropolis in the first quarter worth approximately $42,000. XTX Topco Ltd bought a new stake in shares of Micropolis during the 4th quarter worth approximately $57,000. Finally, PEAK6 LLC bought a new stake in shares of Micropolis during the 4th quarter worth approximately $376,000.

Micropolis Company Profile

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.