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

MicroCloud Hologram Inc. (NASDAQ:HOLO) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 1,310,000 shares, a growth of 51.4% from the October 15th total of 865,000 shares. Approximately 6.4% of the shares of the stock are short sold. Based on an average daily volume of 3,950,000 shares, the short-interest ratio is currently 0.3 days.

MicroCloud Hologram Trading Down 7.3 %

Shares of MicroCloud Hologram stock traded down $0.19 on Friday, reaching $2.42. The stock had a trading volume of 2,265,542 shares, compared to its average volume of 1,703,838. The business’s 50 day moving average is $4.49 and its two-hundred day moving average is $15.16. MicroCloud Hologram has a 1 year low of $2.40 and a 1 year high of $1,968.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in shares of MicroCloud Hologram during the 1st quarter valued at $27,000. XTX Topco Ltd raised its position in MicroCloud Hologram by 1,488.2% during the third quarter. XTX Topco Ltd now owns 174,637 shares of the company’s stock valued at $63,000 after purchasing an additional 163,641 shares in the last quarter. Jane Street Group LLC lifted its stake in MicroCloud Hologram by 336.3% during the third quarter. Jane Street Group LLC now owns 422,656 shares of the company’s stock worth $152,000 after purchasing an additional 325,785 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of MicroCloud Hologram by 1,122.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 428,000 shares of the company’s stock worth $351,000 after purchasing an additional 393,000 shares in the last quarter. 2.13% of the stock is currently owned by hedge funds and other institutional investors.

MicroCloud Hologram Company Profile

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.