MicroCloud Hologram Inc. (NASDAQ:HOLO – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 865,000 shares, an increase of 331.2% from the September 30th total of 200,600 shares. Approximately 4.2% of the shares of the stock are sold short. Based on an average trading volume of 3,230,000 shares, the days-to-cover ratio is currently 0.3 days.
Hedge Funds Weigh In On MicroCloud Hologram
A hedge fund recently bought a new stake in MicroCloud Hologram stock. BNP Paribas Financial Markets acquired a new stake in shares of MicroCloud Hologram Inc. (NASDAQ:HOLO – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,981 shares of the company’s stock, valued at approximately $27,000. BNP Paribas Financial Markets owned about 0.12% of MicroCloud Hologram as of its most recent SEC filing. 2.13% of the stock is currently owned by hedge funds and other institutional investors.
MicroCloud Hologram Stock Performance
Shares of NASDAQ:HOLO traded down $0.22 during trading on Friday, hitting $3.58. 2,666,097 shares of the company’s stock were exchanged, compared to its average volume of 1,492,646. The business’s 50-day simple moving average is $6.29 and its 200 day simple moving average is $20.84. MicroCloud Hologram has a 52-week low of $3.55 and a 52-week high of $1,968.00.
About MicroCloud Hologram
MicroCloud Hologram Inc provides holographic technology services worldwide. It operates in two segments, Holographic Solutions and Holographic Technology Service. Its services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems.
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