X3 Holdings Co Ltd. (NASDAQ:XTKG) Sees Significant Drop in Short Interest

X3 Holdings Co Ltd. (NASDAQ:XTKG) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 37,600 shares, a drop of 26.1% from the December 15th total of 50,900 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 174,800 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of X3

An institutional investor recently bought a new position in X3 stock. Marshall Wace LLP purchased a new position in shares of X3 Holdings Co Ltd. (NASDAQ:XTKG) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 241,899 shares of the company’s stock, valued at approximately $126,000. Marshall Wace LLP owned about 19.23% of X3 as of its most recent SEC filing. 1.85% of the stock is currently owned by hedge funds and other institutional investors.

X3 Trading Down 1.0 %

Shares of XTKG stock opened at $0.99 on Thursday. The firm’s fifty day moving average price is $1.51 and its two-hundred day moving average price is $4.41. X3 has a 1 year low of $0.66 and a 1 year high of $29.06.

About X3

X3 Holdings Co Ltd. provides technology solutions and services worldwide. The company offers Global Trade Platform, a digital platform for trading partners, service providers, and government authorities. It also engages in bitcoin cryptomining operations, renewable energy projects, and agriculture technologies and trading.