Short Interest in MultiMetaVerse Holdings Limited (NASDAQ:MMV) Drops By 18.3%

MultiMetaVerse Holdings Limited (NASDAQ:MMV) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 138,800 shares, a decrease of 18.3% from the October 15th total of 169,900 shares. Based on an average daily volume of 158,500 shares, the short-interest ratio is currently 0.9 days. Currently, 2.0% of the company’s stock are sold short.

MultiMetaVerse Trading Down 3.4 %

NASDAQ:MMV traded down $0.01 during mid-day trading on Friday, hitting $0.36. 207,173 shares of the company’s stock traded hands, compared to its average volume of 838,147. The company has a fifty day moving average of $0.45 and a 200 day moving average of $0.55. MultiMetaVerse has a twelve month low of $0.32 and a twelve month high of $2.05.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MultiMetaVerse stock. Renaissance Technologies LLC bought a new position in MultiMetaVerse Holdings Limited (NASDAQ:MMV) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,100 shares of the company’s stock, valued at approximately $25,000. Renaissance Technologies LLC owned about 0.13% of MultiMetaVerse as of its most recent SEC filing.

MultiMetaVerse Company Profile

MultiMetaVerse Holdings Limited operates as an animation and entertainment company in the People’s Republic of China. The company offers a product portfolio, including animated content, comic books, short videos, collectibles, stationery, consumer products, and mobile games under the Aotu World brand, as well as action figures, stuffed dolls, apparel, costumes, trading cards, and other collectible functional items.