MicroCloud Hologram (NASDAQ:HOLO) Shares Set to Reverse Split on Wednesday, October 9th

Shares of MicroCloud Hologram Inc. (NASDAQ:HOLO) are scheduled to reverse split before the market opens on Wednesday, October 9th. The 1-20 reverse split was announced on Wednesday, October 2nd. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, October 8th.

MicroCloud Hologram Price Performance

Shares of HOLO stock opened at $0.25 on Friday. The stock has a 50 day simple moving average of $0.35 and a 200-day simple moving average of $1.42. MicroCloud Hologram has a 12-month low of $0.20 and a 12-month high of $98.40.

Institutional Investors Weigh In On MicroCloud Hologram

A hedge fund recently raised its stake in MicroCloud Hologram stock. Commonwealth Equity Services LLC increased its position in MicroCloud Hologram Inc. (NASDAQ:HOLO) by 1,122.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 428,000 shares of the company’s stock after acquiring an additional 393,000 shares during the period. Commonwealth Equity Services LLC owned approximately 7.21% of MicroCloud Hologram worth $351,000 as of its most recent SEC filing. 2.13% of the stock is currently owned by institutional investors and hedge funds.

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.