WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Sees Large Growth in Short Interest

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 168,102 shares, an increase of 74.0% from the September 15th total of 96,629 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 192,425 shares, the days-to-cover ratio is currently 0.9 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of WiMi Hologram Cloud in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of “Sell”.

WiMi Hologram Cloud Price Performance

NASDAQ WIMI opened at $0.53 on Thursday. The company’s fifty day simple moving average is $1.07 and its 200-day simple moving average is $1.41. WiMi Hologram Cloud has a 52 week low of $0.52 and a 52 week high of $4.58.

WiMi Hologram Cloud (NASDAQ:WIMI) last announced its earnings results on Thursday, September 24th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.05. The firm had revenue of $10.07 million during the quarter, compared to analysts’ expectations of $123.39 million.

Institutional Investors Weigh In On WiMi Hologram Cloud

A hedge fund recently bought a new stake in WiMi Hologram Cloud stock. Squarepoint Ops LLC acquired a new position in WiMi Hologram Cloud Inc. (NASDAQ:WIMI) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 40,126 shares of the company’s stock, valued at approximately $61,000. Squarepoint Ops LLC owned approximately 0.22% of WiMi Hologram Cloud at the end of the most recent reporting period. Institutional investors own 0.96% of the company’s stock.

About WiMi Hologram Cloud

WiMi Hologram Cloud Inc (NASDAQ: WIMI) is a technology company focused on holographic augmented reality (AR) applications. The company develops software, content and related solutions designed to integrate holographic and three-dimensional visual effects into digital media, advertising and interactive experiences.

Its offerings have included holographic AR advertising services, holographic entertainment content, interactive applications, computer-vision technologies and facial-recognition solutions.