WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Short Interest Up 85.3% in July

WiMi Hologram Cloud Inc. (NASDAQ:WIMIGet Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 370,929 shares, an increase of 85.3% from the June 30th total of 200,166 shares. Based on an average daily trading volume, of 57,944 shares, the days-to-cover ratio is currently 6.4 days. Currently, 3.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on WIMI shares. Wall Street Zen upgraded WiMi Hologram Cloud to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings restated a “sell (d)” rating on shares of WiMi Hologram Cloud in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

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WiMi Hologram Cloud Stock Down 0.8%

NASDAQ WIMI opened at $1.20 on Friday. WiMi Hologram Cloud has a 12-month low of $1.07 and a 12-month high of $5.65. The company has a fifty day simple moving average of $1.48 and a two-hundred day simple moving average of $1.79.

Hedge Funds Weigh In On WiMi Hologram Cloud

A hedge fund recently bought a new position in WiMi Hologram Cloud stock. XTX Topco Ltd bought a new position in WiMi Hologram Cloud Inc. (NASDAQ:WIMIFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 30,569 shares of the company’s stock, valued at approximately $72,000. XTX Topco Ltd owned about 0.31% of WiMi Hologram Cloud at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.96% of the company’s stock.

About WiMi Hologram Cloud

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WiMi Hologram Cloud Inc is a technology company specializing in the development and delivery of cloud-based holographic augmented reality (AR) solutions. Its core offering is a proprietary holographic cloud platform that integrates advanced computer vision, artificial intelligence and 3D rendering algorithms to power immersive AR experiences. The company’s services span content creation, distribution and deployment, enabling enterprises and developers to integrate holographic effects into applications ranging from live streaming and virtual events to interactive advertising campaigns.

Through its platform, WiMi Hologram Cloud distributes a digital library of holographic assets—such as 3D models, animations and special effects—that can be accessed on demand.

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