Micropolis Holding Co (NYSEAMERICAN:MCRP – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 189,513 shares, an increase of 49.5% from the July 15th total of 126,806 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 220,128 shares, the days-to-cover ratio is presently 0.9 days.
Micropolis Stock Performance
Shares of NYSEAMERICAN MCRP opened at $1.29 on Thursday. Micropolis has a twelve month low of $0.69 and a twelve month high of $4.62. The company has a 50 day moving average of $1.46 and a 200 day moving average of $2.41.
Institutional Investors Weigh In On Micropolis
Several large investors have recently bought and sold shares of the business. PEAK6 LLC bought a new position in Micropolis during the 4th quarter valued at about $376,000. WMG Financial Advisors LLC bought a new stake in shares of Micropolis in the fourth quarter worth approximately $114,000. XTX Topco Ltd bought a new stake in shares of Micropolis in the fourth quarter worth approximately $57,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Micropolis during the first quarter valued at approximately $42,000.
Micropolis Company Profile
Micropolis Digital Development FZ-LLC (“Micropolis Dubai”), our wholly-owned subsidiary, is a robotics manufacturer founded in 2014, based in the United Arab Emirates (“UAE”) with its headquarters located in Dubai Production City, Dubai, UAE. We specialize in developing autonomous mobile robots (“AMRs”) that utilize wheeled electric vehicle (“EV”) platforms and are equipped with autonomous driving capabilities. We have historically conducted our business through Micropolis Dubai. For purposes of this Offering, in February 2023, we incorporated Micropolis Holding Company (“Micropolis Cayman”), an exempted company with limited liability under the laws of the Cayman Islands, as the listing vehicle for this Offering.
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