Micropolis Holding Co (NYSEAMERICAN:MCRP) Short Interest Down 43.7% in May

Micropolis Holding Co (NYSEAMERICAN:MCRP) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 57,876 shares, a decrease of 43.7% from the May 14th total of 102,723 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 153,024 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, Maxim Group started coverage on Micropolis in a research report on Monday, March 2nd. They issued a “buy” rating and a $8.00 target price on the stock. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $8.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MCRP. WMG Financial Advisors LLC purchased a new position in shares of Micropolis during the 4th quarter valued at approximately $114,000. PEAK6 LLC purchased a new position in shares of Micropolis during the 4th quarter valued at approximately $376,000. XTX Topco Ltd purchased a new position in shares of Micropolis during the 4th quarter valued at approximately $57,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Micropolis during the 1st quarter valued at approximately $42,000.

Micropolis Trading Up 8.3%

Micropolis stock traded up $0.16 during mid-day trading on Tuesday, hitting $2.08. The company had a trading volume of 139,199 shares, compared to its average volume of 186,940. Micropolis has a 12-month low of $0.69 and a 12-month high of $4.62. The firm’s fifty day moving average is $2.51.

About Micropolis

Micropolis Digital Development FZ-LLC (“Micropolis Dubai”), our wholly-owned subsidiary, is a robotics manufacturer founded in 2014, based in the United Arab Emirates (“UAE”) with its headquarters located in Dubai Production City, Dubai, UAE. We specialize in developing autonomous mobile robots (“AMRs”) that utilize wheeled electric vehicle (“EV”) platforms and are equipped with autonomous driving capabilities. We have historically conducted our business through Micropolis Dubai. For purposes of this Offering, in February 2023, we incorporated Micropolis Holding Company (“Micropolis Cayman”), an exempted company with limited liability under the laws of the Cayman Islands, as the listing vehicle for this Offering.