Mmtec (NASDAQ:MTC) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 118,500 shares, a decline of 77.7% from the June 15th total of 532,100 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 853,500 shares, the days-to-cover ratio is presently 0.1 days.
Shares of NASDAQ:MTC opened at $1.35 on Tuesday. Mmtec has a twelve month low of $0.64 and a twelve month high of $19.55. The firm has a 50 day simple moving average of $1.71 and a 200-day simple moving average of $1.54.
Mmtec, Inc develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements in the People's Republic of China. It offers Internet-based securities solutions, such as Securities Dealers Trading System, which includes 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.
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