MicroCloud Hologram Inc. (NASDAQ:HOLO) Sees Large Growth in Short Interest
by Amy Steele · The Cerbat GemMicroCloud Hologram Inc. (NASDAQ:HOLO – Get Free Report) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 1,249,124 shares, a growth of 43.4% from the March 15th total of 870,791 shares. Currently, 8.6% of the company’s shares are sold short. Based on an average trading volume of 1,348,182 shares, the short-interest ratio is currently 0.9 days.
Institutional Trading of MicroCloud Hologram
A number of large investors have recently bought and sold shares of HOLO. JPMorgan Chase & Co. bought a new position in MicroCloud Hologram in the third quarter valued at approximately $34,000. Jane Street Group LLC bought a new stake in shares of MicroCloud Hologram during the fourth quarter worth $60,000. Quadrature Capital Ltd acquired a new stake in shares of MicroCloud Hologram during the fourth quarter worth $64,000. Qube Research & Technologies Ltd acquired a new stake in shares of MicroCloud Hologram during the third quarter worth $70,000. Finally, Virtu Financial LLC bought a new stake in MicroCloud Hologram in the 4th quarter valued at $98,000. 2.13% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “sell (d)” rating on shares of MicroCloud Hologram in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, MicroCloud Hologram currently has a consensus rating of “Sell”.
Read Our Latest Stock Analysis on MicroCloud Hologram
MicroCloud Hologram Stock Up 2.5%
MicroCloud Hologram stock traded up $0.05 during mid-day trading on Wednesday, hitting $2.09. 895,027 shares of the company’s stock were exchanged, compared to its average volume of 1,088,920. The company’s 50 day simple moving average is $2.11 and its 200-day simple moving average is $3.04. The firm has a market capitalization of $30.45 million, a P/E ratio of 0.00 and a beta of 3.20. MicroCloud Hologram has a fifty-two week low of $1.80 and a fifty-two week high of $21.40.
MicroCloud Hologram (NASDAQ:HOLO – Get Free Report) last posted its earnings results on Friday, March 27th. The company reported ($3.37) earnings per share (EPS) for the quarter. The business had revenue of $17.71 million during the quarter.
About MicroCloud Hologram
MicroCloud Hologram Inc provides holographic technology services worldwide. It operates in two segments, Holographic Solutions and Holographic Technology Service. Its services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems.