Short Interest in WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Decreases By 66.1%

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 121,993 shares, a drop of 66.1% from the July 30th total of 360,294 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 128,155 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On WiMi Hologram Cloud

A hedge fund recently bought a new stake in WiMi Hologram Cloud stock. XTX Topco Ltd acquired a new stake in WiMi Hologram Cloud Inc. (NASDAQ:WIMI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 30,569 shares of the company’s stock, valued at approximately $72,000. XTX Topco Ltd owned approximately 0.31% of WiMi Hologram Cloud at the end of the most recent reporting period. 0.96% of the stock is currently owned by institutional investors.

WiMi Hologram Cloud Stock Performance

Shares of WIMI opened at $1.30 on Friday. WiMi Hologram Cloud has a 12 month low of $1.07 and a 12 month high of $5.65. The firm has a fifty day simple moving average of $1.35 and a 200 day simple moving average of $1.62.

Wall Street Analyst Weigh In

WIMI has been the topic of a number of research analyst reports. Wall Street Zen raised WiMi Hologram Cloud to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of WiMi Hologram Cloud in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

About WiMi Hologram Cloud

WiMi Hologram Cloud Inc is a technology company specializing in the development and delivery of cloud-based holographic augmented reality (AR) solutions. Its core offering is a proprietary holographic cloud platform that integrates advanced computer vision, artificial intelligence and 3D rendering algorithms to power immersive AR experiences. The company’s services span content creation, distribution and deployment, enabling enterprises and developers to integrate holographic effects into applications ranging from live streaming and virtual events to interactive advertising campaigns.

Through its platform, WiMi Hologram Cloud distributes a digital library of holographic assets—such as 3D models, animations and special effects—that can be accessed on demand.