Metalpha Technology Holding Limited (NASDAQ:MATH) Short Interest Down 34.4% in June

Metalpha Technology Holding Limited (NASDAQ:MATH) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 44,999 shares, a decline of 34.4% from the June 15th total of 68,614 shares. Based on an average trading volume of 50,480 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.1% of the shares of the company are short sold.

Metalpha Technology Stock Performance

Shares of NASDAQ MATH opened at $0.90 on Friday. Metalpha Technology has a 12 month low of $0.84 and a 12 month high of $4.10. The company has a 50 day simple moving average of $0.99 and a two-hundred day simple moving average of $1.31.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in Metalpha Technology by 42.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,346 shares of the company’s stock worth $35,000 after purchasing an additional 6,040 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Metalpha Technology in the first quarter worth about $53,000. HRT Financial LP grew its holdings in Metalpha Technology by 242.0% during the fourth quarter. HRT Financial LP now owns 35,763 shares of the company’s stock worth $75,000 after acquiring an additional 25,305 shares during the period. Finally, Geode Capital Management LLC acquired a new stake in Metalpha Technology during the second quarter worth about $100,000. Hedge funds and other institutional investors own 30.53% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Metalpha Technology from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.