Micropolis Holding Co (NYSEAMERICAN:MCRP) Short Interest Down 50.7% in July

Micropolis Holding Co (NYSEAMERICAN:MCRP) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 126,806 shares, a drop of 50.7% from the June 30th total of 257,402 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 123,058 shares, the short-interest ratio is currently 1.0 days.

Micropolis Trading Up 6.4%

NYSEAMERICAN MCRP traded up $0.08 during trading hours on Thursday, hitting $1.33. 133,831 shares of the company’s stock traded hands, compared to its average volume of 180,949. Micropolis has a 52-week low of $0.69 and a 52-week high of $4.62. The company’s 50-day moving average is $1.78.

Hedge Funds Weigh In On Micropolis

A number of institutional investors have recently added to or reduced their stakes in MCRP. WMG Financial Advisors LLC acquired a new stake in shares of Micropolis in the 4th quarter worth $114,000. PEAK6 LLC acquired a new position in shares of Micropolis during the 4th quarter valued at about $376,000. XTX Topco Ltd acquired a new position in shares of Micropolis during the 4th quarter valued at about $57,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Micropolis in the first quarter valued at about $42,000.

About Micropolis

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.