MicroCloud Hologram Inc. (NASDAQ:HOLO) Short Interest Update

MicroCloud Hologram Inc. (NASDAQ:HOLO) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 752,895 shares, a decline of 20.7% from the February 12th total of 949,906 shares. Approximately 5.2% of the shares of the company are sold short. Based on an average trading volume of 276,647 shares, the days-to-cover ratio is currently 2.7 days. Based on an average trading volume of 276,647 shares, the days-to-cover ratio is currently 2.7 days. Approximately 5.2% of the shares of the company are sold short.

MicroCloud Hologram Stock Down 1.8%

HOLO stock traded down $0.04 during trading on Friday, reaching $2.19. The company’s stock had a trading volume of 500,979 shares, compared to its average volume of 349,053. The company’s fifty day moving average is $2.44 and its 200-day moving average is $3.50. The company has a market capitalization of $31.91 million, a P/E ratio of 0.00 and a beta of 3.27. MicroCloud Hologram has a 1 year low of $2.02 and a 1 year high of $48.40.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of MicroCloud Hologram in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, MicroCloud Hologram presently has an average rating of “Sell”.

Institutional Trading of MicroCloud Hologram

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in MicroCloud Hologram in the 3rd quarter worth approximately $34,000. Jane Street Group LLC bought a new stake in shares of MicroCloud Hologram during the fourth quarter valued at approximately $60,000. Quadrature Capital Ltd bought a new stake in shares of MicroCloud Hologram during the fourth quarter valued at approximately $64,000. Qube Research & Technologies Ltd purchased a new position in shares of MicroCloud Hologram in the third quarter worth $70,000. Finally, Virtu Financial LLC purchased a new position in shares of MicroCloud Hologram in the fourth quarter worth $98,000. Institutional investors own 2.13% of the company’s stock.

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.