MicroCloud Hologram Inc. (NASDAQ:HOLO) Sees Large Growth in Short Interest

MicroCloud Hologram Inc. (NASDAQ:HOLOGet Free Report) saw a large increase in short interest in June. As of June 15th, there was short interest totalling 2,780,000 shares, an increase of 129.8% from the May 31st total of 1,210,000 shares. Currently, 11.1% of the shares of the stock are sold short. Based on an average daily volume of 14,210,000 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroCloud Hologram stock. BNP Paribas Financial Markets bought a new position in MicroCloud Hologram Inc. (NASDAQ:HOLOFree Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,981 shares of the company’s stock, valued at approximately $27,000. BNP Paribas Financial Markets owned 0.12% of MicroCloud Hologram at the end of the most recent reporting period. Institutional investors and hedge funds own 2.13% of the company’s stock.

MicroCloud Hologram Stock Performance

Shares of NASDAQ:HOLO traded up $0.02 during trading hours on Friday, hitting $0.82. 12,356,311 shares of the company’s stock traded hands, compared to its average volume of 19,560,246. MicroCloud Hologram has a 52 week low of $0.76 and a 52 week high of $113.00. The company’s fifty day simple moving average is $1.75 and its two-hundred day simple moving average is $5.28.

MicroCloud Hologram Company Profile

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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.

Further Reading

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