MicroAlgo Inc. (NASDAQ:MLGO) Sees Large Decrease in Short Interest

MicroAlgo Inc. (NASDAQ:MLGO) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 776,200 shares, a drop of 21.9% from the September 15th total of 993,400 shares. Based on an average daily trading volume, of 26,240,000 shares, the days-to-cover ratio is currently 0.0 days.

MicroAlgo Price Performance

Shares of MLGO stock traded up $0.03 during trading hours on Monday, reaching $0.37. 58,614,663 shares of the stock were exchanged, compared to its average volume of 13,175,981. MicroAlgo has a 12-month low of $0.19 and a 12-month high of $156.00. The company’s 50-day moving average price is $0.41 and its 200-day moving average price is $2.81.

About MicroAlgo

MicroAlgo Inc develops and applies central processing algorithm solutions to customers in internet advertisement, gaming, and intelligent chip industries in the People’s Republic of China, Hong Kong, and internationally. The company operates through two segments, Central Processing Algorithm Services, and Intelligent Chips and Services.