Metalpha Technology Holding Limited (NASDAQ:MATH) Short Interest Update

Metalpha Technology Holding Limited (NASDAQ:MATH) was the recipient of a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 39,611 shares, a drop of 87.8% from the February 12th total of 324,878 shares. Based on an average daily trading volume, of 69,146 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 69,146 shares, the short-interest ratio is currently 0.6 days.

Metalpha Technology Price Performance

Metalpha Technology stock traded up $0.02 during midday trading on Tuesday, hitting $1.19. The company’s stock had a trading volume of 17,221 shares, compared to its average volume of 71,085. Metalpha Technology has a 12 month low of $1.10 and a 12 month high of $4.17. The stock’s 50-day moving average price is $1.73 and its 200-day moving average price is $2.58.

Metalpha Technology (NASDAQ:MATH) last released its quarterly earnings data on Friday, February 20th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $6.01 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Metalpha Technology in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Metalpha Technology has an average rating of “Hold”.

Institutional Trading of Metalpha Technology

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its position in Metalpha Technology by 11.8% in the 4th 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. Geode Capital Management LLC purchased a new position in shares of Metalpha Technology during the 2nd quarter valued at $100,000. Finally, HRT Financial LP raised its holdings in shares of 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 in the last quarter. 30.53% of the stock is currently owned by institutional investors and hedge funds.

About Metalpha Technology

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.