MMTec, Inc. (NASDAQ:MTC) Sees Significant Decrease in Short Interest

MMTec, Inc. (NASDAQ:MTC) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 212,800 shares, a decrease of 88.3% from the November 30th total of 1,820,000 shares. Based on an average trading volume of 782,400 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On MMTec

A hedge fund recently bought a new stake in MMTec stock. XTX Topco Ltd purchased a new position in shares of MMTec, Inc. (NASDAQ:MTC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 204,362 shares of the company’s stock, valued at approximately $104,000. XTX Topco Ltd owned approximately 0.24% of MMTec as of its most recent filing with the Securities and Exchange Commission (SEC). 0.25% of the stock is currently owned by institutional investors.

MMTec Stock Up 9.0 %

Shares of MTC stock traded up $0.13 during mid-day trading on Thursday, reaching $1.58. The stock had a trading volume of 231,703 shares, compared to its average volume of 496,933. MMTec has a 1-year low of $1.26 and a 1-year high of $103.20. The business’s fifty day moving average is $2.37 and its 200-day moving average is $2.65.

About MMTec

MMTec, Inc, together with its subsidiaries, develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements worldwide. The company operates in two segments, Gujia and MM Global. It offers Internet-based securities solutions comprising Securities Dealers Trading System, which supports securities registration and clearing, account management, risk management, trading and execution, and third party access middleware; Private Fund Investment Management System that supports multi-account management, fund valuation, risk management, quantitative trading access, liquidation, and requisition management; and Mobile Transaction Individual Client System and PC Client System for Apple IOS, Android, PC, and Web applications.