Micropolis Holding Co (NYSEAMERICAN:MCRP – Get Free Report) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 272,656 shares, an increase of 65.0% from the August 15th total of 165,250 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 1,212,342 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Micropolis stock. Renaissance Technologies LLC purchased a new stake in shares of Micropolis Holding Co (NYSEAMERICAN:MCRP – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 16,307 shares of the company’s stock, valued at approximately $42,000.
Micropolis Stock Down 1.0%
NYSEAMERICAN:MCRP opened at $0.80 on Thursday. Micropolis has a 1-year low of $0.69 and a 1-year high of $4.62. The firm’s 50-day moving average price is $1.14 and its 200-day moving average price is $2.09.
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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