Short Interest in Metalpha Technology Holding Limited (NASDAQ:MATH) Rises By 146.7%

Metalpha Technology Holding Limited (NASDAQ:MATH) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 81,832 shares, a growth of 146.7% from the April 15th total of 33,176 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 97,001 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Metalpha Technology

Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new position in Metalpha Technology in the 1st quarter worth approximately $53,000. Geode Capital Management LLC purchased a new stake in shares of Metalpha Technology in the second quarter valued at approximately $100,000. HRT Financial LP increased its holdings in shares of Metalpha Technology by 242.0% in the fourth quarter. HRT Financial LP now owns 35,763 shares of the company’s stock valued at $75,000 after purchasing an additional 25,305 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Metalpha Technology by 11.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 79,344 shares of the company’s stock worth $167,000 after buying an additional 8,353 shares in the last quarter. Institutional investors and hedge funds own 30.53% of the company’s stock.

Metalpha Technology Stock Down 0.7%

Shares of MATH traded down $0.01 during trading hours on Friday, hitting $0.98. 113,068 shares of the stock were exchanged, compared to its average volume of 69,004. The stock’s 50-day moving average price is $1.13 and its two-hundred day moving average price is $1.87. Metalpha Technology has a 12-month low of $0.91 and a 12-month high of $4.17.

Metalpha Technology (NASDAQ:MATH) last announced its earnings results on Friday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $12.02 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Metalpha Technology from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Metalpha Technology Company Profile

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services. It serves institutional investors and high-net-worth individuals.