Short Interest in Mercurity Fintech Holding Inc. (NASDAQ:MFH) Decreases By 14.7%

Mercurity Fintech Holding Inc. (NASDAQ:MFH) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 489,000 shares, a decrease of 14.7% from the January 31st total of 573,500 shares. Based on an average daily volume of 143,400 shares, the days-to-cover ratio is presently 3.4 days.

Hedge Funds Weigh In On Mercurity Fintech

Several hedge funds have recently modified their holdings of MFH. Millennium Management LLC acquired a new stake in shares of Mercurity Fintech in the fourth quarter valued at $706,000. 683 Capital Management LLC bought a new stake in Mercurity Fintech in the fourth quarter worth about $423,000. Schonfeld Strategic Advisors LLC acquired a new stake in Mercurity Fintech in the 4th quarter valued at about $420,000. Balyasny Asset Management L.P. acquired a new position in shares of Mercurity Fintech in the 4th quarter worth approximately $174,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Mercurity Fintech in the 4th quarter worth approximately $136,000. 30.82% of the stock is currently owned by institutional investors and hedge funds.

Mercurity Fintech Price Performance

Shares of NASDAQ MFH traded down $0.42 during mid-day trading on Friday, reaching $4.77. 118,052 shares of the company traded hands, compared to its average volume of 125,981. Mercurity Fintech has a fifty-two week low of $1.03 and a fifty-two week high of $8.86. The stock has a fifty day simple moving average of $6.71 and a 200-day simple moving average of $4.29.

Mercurity Fintech Company Profile

Mercurity Fintech Holding Inc operates as a fintech company powered by blockchain. The company provides digital asset trading infrastructure solutions based on internet and blockchain technologies for cryptocurrency traders; and asset digitalization platform, which offers blockchain-based digitalization solutions for traditional assets, such as fiat currencies, bonds, and precious metals.