MicroAlgo Inc. (NASDAQ:MLGO) Short Interest Update

MicroAlgo Inc. (NASDAQ:MLGO) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 5,450,000 shares, an increase of 60.8% from the October 31st total of 3,390,000 shares. Based on an average trading volume of 30,680,000 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On MicroAlgo

A hedge fund recently bought a new stake in MicroAlgo stock. Platform Technology Partners purchased a new position in MicroAlgo Inc. (NASDAQ:MLGO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 100,000 shares of the company’s stock, valued at approximately $25,000. Platform Technology Partners owned about 1.94% of MicroAlgo at the end of the most recent quarter. 1.10% of the stock is currently owned by hedge funds and other institutional investors.

MicroAlgo Trading Down 3.8 %

NASDAQ:MLGO opened at $0.17 on Friday. MicroAlgo has a one year low of $0.16 and a one year high of $156.00. The business’s 50-day simple moving average is $0.24 and its 200 day simple moving average is $2.23.

MicroAlgo Company Profile

MicroAlgo Inc develops and applies central processing algorithm solutions to customers in internet advertisement, gaming, and intelligent chip industries in the People’s Republic of China, Hong Kong, and internationally. The company operates through two segments, Central Processing Algorithm Services, and Intelligent Chips and Services.