Metalpha Technology Holding Limited (NASDAQ:MATH) Sees Large Decrease in Short Interest

Metalpha Technology Holding Limited (NASDAQ:MATH – Get Free Report) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 50,770 shares, a decrease of 41.5% from the September 15th total of 86,780 shares. Based on an average trading volume of 61,384 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Metalpha Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 27th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Metalpha Technology has an average rating of “Sell”.

Read Our Latest Analysis on MATH

Institutional Trading of Metalpha Technology

A hedge fund recently bought a new position in Metalpha Technology stock. Renaissance Technologies LLC acquired a new stake in Metalpha Technology Holding Limited (NASDAQ:MATH – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 46,100 shares of the company’s stock, valued at approximately $53,000. Renaissance Technologies LLC owned about 0.12% of Metalpha Technology at the end of the most recent reporting period. Hedge funds and other institutional investors own 30.53% of the company’s stock.

Metalpha Technology Stock Performance

Shares of MATH traded down $0.03 during trading hours on Friday, hitting $1.05. 44,889 shares of the company were exchanged, compared to its average volume of 70,676. Metalpha Technology has a fifty-two week low of $0.73 and a fifty-two week high of $3.47. The firm’s fifty day moving average is $0.94 and its 200 day moving average is $0.99.

Metalpha Technology (NASDAQ:MATH – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.05 EPS for the quarter. The company had revenue of $0.53 million during the quarter.

About Metalpha Technology

(Get Free Report)

Metalpha Technology Holding Limited (NASDAQ:MATH) is a digital asset wealth management company that develops and provides cryptocurrency-related financial products and services. Its offerings are designed primarily for institutional and professional investors seeking exposure to digital assets through structured investment solutions.

The company has focused on customized digital asset products, including derivatives and other structured arrangements linked to cryptocurrencies such as Bitcoin.

Further Reading

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