WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Sees Large Growth in Short Interest

WiMi Hologram Cloud Inc. (NASDAQ:WIMI – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 168,102 shares, a growth of 74.0% from the September 15th total of 96,629 shares. Based on an average daily volume of 192,425 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.4% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of WiMi Hologram Cloud in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

View Our Latest Analysis on WIMI

WiMi Hologram Cloud Price Performance

WiMi Hologram Cloud stock opened at $0.53 on Thursday. The firm has a fifty day moving average of $1.07 and a 200-day moving average of $1.41. WiMi Hologram Cloud has a 52-week low of $0.52 and a 52-week high of $4.58.

WiMi Hologram Cloud (NASDAQ:WIMI – Get Free Report) last posted its earnings results on Thursday, September 24th. The company reported ($0.35) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.05. The business had revenue of $10.07 million for the quarter, compared to analyst estimates of $123.39 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in WiMi Hologram Cloud stock. Squarepoint Ops LLC acquired a new position in shares of WiMi Hologram Cloud Inc. (NASDAQ:WIMI – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 40,126 shares of the company’s stock, valued at approximately $61,000. Squarepoint Ops LLC owned approximately 0.22% 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.

WiMi Hologram Cloud Company Profile

(Get Free Report)

WiMi Hologram Cloud Inc (NASDAQ: WIMI) is a technology company focused on holographic augmented reality (AR) applications. The company develops software, content and related solutions designed to integrate holographic and three-dimensional visual effects into digital media, advertising and interactive experiences.

Its offerings have included holographic AR advertising services, holographic entertainment content, interactive applications, computer-vision technologies and facial-recognition solutions.

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