MMTec, Inc. (NASDAQ:MTC – Get Free Report) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 212,800 shares, a drop of 88.3% from the November 30th total of 1,820,000 shares. Based on an average trading volume of 782,400 shares, the days-to-cover ratio is currently 0.3 days.
MMTec Stock Down 7.0 %
Shares of NASDAQ:MTC traded down $0.11 on Friday, hitting $1.47. The company had a trading volume of 152,381 shares, compared to its average volume of 495,770. The business has a 50 day moving average of $2.34 and a 200 day moving average of $2.65. MMTec has a 52-week low of $1.26 and a 52-week high of $103.20.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in MMTec stock. XTX Topco Ltd acquired a new stake in MMTec, Inc. (NASDAQ:MTC – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 204,362 shares of the company’s stock, valued at approximately $104,000. XTX Topco Ltd owned about 0.24% of MMTec at the end of the most recent reporting period. 0.25% of the stock is owned by institutional investors and hedge funds.
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.
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