MMTec, Inc. (NASDAQ:MTC) Short Interest Up 24.2% in July

MMTec, Inc. (NASDAQ:MTC) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 1,190,000 shares, a growth of 24.2% from the July 15th total of 958,300 shares. Based on an average daily volume of 6,070,000 shares, the short-interest ratio is currently 0.2 days.

MMTec Price Performance

Shares of NASDAQ MTC remained flat at $0.26 during mid-day trading on Friday. The company had a trading volume of 346,600 shares, compared to its average volume of 3,485,957. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.52 and a current ratio of 1.52. MMTec has a 52 week low of $0.24 and a 52 week high of $12.90. The company has a 50 day moving average price of $0.35 and a 200-day moving average price of $1.42.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MMTec stock. XTX Topco Ltd purchased a new position in MMTec, Inc. (NASDAQ:MTC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 204,362 shares of the company’s stock, valued at approximately $104,000. XTX Topco Ltd owned 0.24% of MMTec as of its most recent filing with the Securities and Exchange Commission (SEC). 0.25% of the stock is currently owned by hedge funds and other institutional investors.

About MMTec

MMTec, Inc, together with its subsidiaries, develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements worldwide. The company operates in two segments, Gujia and MM Global. It offers Internet-based securities solutions comprising Securities Dealers Trading System, which supports securities registration and clearing, account management, risk management, trading and execution, and third party access middleware; Private Fund Investment Management System that supports multi-account management, fund valuation, risk management, quantitative trading access, liquidation, and requisition management; and Mobile Transaction Individual Client System and PC Client System for Apple IOS, Android, PC, and Web applications.