Metalpha Technology Holding Limited (NASDAQ:MATH) Short Interest Update

Metalpha Technology Holding Limited (NASDAQ:MATH) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 69,563 shares, a drop of 31.2% from the January 15th total of 101,076 shares. Based on an average daily volume of 46,085 shares, the short-interest ratio is presently 1.5 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 46,085 shares, the short-interest ratio is presently 1.5 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Metalpha Technology in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. FNY Investment Advisers LLC grew its stake in shares of Metalpha Technology by 714.4% during the 2nd quarter. FNY Investment Advisers LLC now owns 157,229 shares of the company’s stock valued at $503,000 after purchasing an additional 137,923 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Metalpha Technology by 11.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 79,344 shares of the company’s stock worth $167,000 after buying an additional 8,353 shares during the last quarter. HRT Financial LP boosted its holdings in shares of Metalpha Technology by 242.0% in the fourth quarter. HRT Financial LP now owns 35,763 shares of the company’s stock worth $75,000 after buying an additional 25,305 shares during the last quarter. Finally, Geode Capital Management LLC bought a new stake in Metalpha Technology during the second quarter valued at approximately $100,000. Institutional investors own 30.53% of the company’s stock.

Metalpha Technology Price Performance

Shares of NASDAQ MATH traded up $0.14 during midday trading on Monday, hitting $1.39. 123,824 shares of the stock traded hands, compared to its average volume of 80,762. The firm has a 50-day moving average of $2.17 and a two-hundred day moving average of $2.78. Metalpha Technology has a one year low of $1.24 and a one year high of $4.17.

Metalpha Technology Company Profile

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services. It serves institutional investors and high-net-worth individuals.