MMTec, Inc. (NASDAQ:MTC) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

MMTec, Inc. (NASDAQ:MTC – Get Free Report) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 212,800 shares, a decrease of 88.3% from the November 30th total of 1,820,000 shares. Based on an average daily volume of 782,400 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On MMTec

A hedge fund recently bought a new stake in MMTec stock. XTX Topco Ltd purchased a new position in shares of MMTec, Inc. (NASDAQ:MTC – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 204,362 shares of the company’s stock, valued at approximately $104,000. XTX Topco Ltd owned approximately 0.24% of MMTec as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.25% of the company’s stock.

MMTec Trading Up 9.0 %

Shares of MTC stock traded up $0.13 during trading hours on Thursday, hitting $1.58. 231,703 shares of the company’s stock were exchanged, compared to its average volume of 496,933. The firm has a 50 day moving average of $2.37 and a two-hundred day moving average of $2.65. MMTec has a fifty-two week low of $1.26 and a fifty-two week high of $103.20.

About MMTec

(Get Free Report)

MMTec, Inc, together with its subsidiaries, develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements worldwide. The company operates in two segments, Gujia and MM Global. It offers Internet-based securities solutions comprising Securities Dealers Trading System, which supports securities registration and clearing, account management, risk management, trading and execution, and third party access middleware; Private Fund Investment Management System that supports multi-account management, fund valuation, risk management, quantitative trading access, liquidation, and requisition management; and Mobile Transaction Individual Client System and PC Client System for Apple IOS, Android, PC, and Web applications.

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