Anson Funds Management LP Takes Position in QMMM Holdings Limited $QMMM

Anson Funds Management LP acquired a new position in QMMM Holdings Limited (NASDAQ:QMMM) during the 3rd quarter, Holdings Channel reports. The firm acquired 147,186 shares of the company’s stock, valued at approximately $17,574,000. QMMM accounts for 1.5% of Anson Funds Management LP’s holdings, making the stock its 15th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC bought a new stake in QMMM during the third quarter valued at approximately $526,000. Squarepoint Ops LLC bought a new position in QMMM in the third quarter worth approximately $341,000. Y Intercept Hong Kong Ltd bought a new position in QMMM in the third quarter worth approximately $294,000. Sage Mountain Advisors LLC purchased a new position in shares of QMMM during the 3rd quarter worth $272,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of QMMM during the 3rd quarter worth $169,000.

QMMM Stock Up 19.4%

QMMM stock opened at $119.40 on Friday. The business’s 50-day moving average price is $119.40 and its 200-day moving average price is $110.59. QMMM Holdings Limited has a twelve month low of $0.54 and a twelve month high of $303.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of QMMM in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

QMMM Profile

QMMM Holdings Ltd. engages in the provision of digital advertising services. It offers interactive design, animation, art-tech and virtual technologies used in commercial campaigns. It has worked with domestic and international banks, real estate developers, amusement parks, international athletic apparel, footwear brands, luxury cosmetic products, and international brands. The company was founded by Bun Kwai on July 29, 2022 and is headquartered in Hong Kong.