MDJM (NASDAQ:MDJH) Stock Price Down 11.4% – Here’s Why

Shares of MDJM Ltd (NASDAQ:MDJH) dropped 11.4% on Tuesday . The stock traded as low as $0.16 and last traded at $0.17. Approximately 3,181,569 shares were traded during mid-day trading, an increase of 123% from the average daily volume of 1,427,714 shares. The stock had previously closed at $0.19.

MDJM Stock Down 11.4 %

The stock’s fifty day simple moving average is $0.19 and its two-hundred day simple moving average is $0.53.

Institutional Investors Weigh In On MDJM

A hedge fund recently bought a new stake in MDJM stock. Anson Funds Management LP bought a new position in MDJM Ltd (NASDAQ:MDJH) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 305,556 shares of the company’s stock, valued at approximately $214,000. Anson Funds Management LP owned about 1.96% of MDJM as of its most recent filing with the SEC.

MDJM Company Profile

MDJM Ltd, through its subsidiaries and variable interest entity, operates as an integrated real estate services company in the People's Republic of China. It offers real estate agency services to real estate developers; and real estate consulting services, such as consulting, marketing strategy planning and strategy, and advertising services and sales strategies.