Metalpha Technology Holding Limited (NASDAQ:MATH) Stock Short Interest Drops 41.5%

Metalpha Technology Holding Limited (NASDAQ:MATH) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 50,770 shares, a decrease of 41.5% from the September 15th total of 86,780 shares. Based on an average daily trading volume, of 61,384 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Metalpha Technology from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 27th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Hedge Funds Weigh In On Metalpha Technology

A hedge fund recently bought a new stake in Metalpha Technology stock. Renaissance Technologies LLC acquired a new position in Metalpha Technology Holding Limited (NASDAQ:MATH) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 46,100 shares of the company’s stock, valued at approximately $53,000. Renaissance Technologies LLC owned 0.12% of Metalpha Technology at the end of the most recent reporting period. 30.53% of the stock is currently owned by institutional investors and hedge funds.

Metalpha Technology Trading Up 0.5%

MATH traded up $0.01 during trading on Thursday, hitting $1.09. The company had a trading volume of 21,362 shares, compared to its average volume of 79,131. The firm’s 50-day moving average price is $0.93 and its 200 day moving average price is $0.99. Metalpha Technology has a one year low of $0.73 and a one year high of $3.47.

Metalpha Technology (NASDAQ:MATH) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.05 earnings per share for the quarter. The company had revenue of $0.53 million for the quarter.

About Metalpha Technology

Metalpha Technology Holding Limited (NASDAQ:MATH) is a digital asset wealth management company that develops and provides cryptocurrency-related financial products and services. Its offerings are designed primarily for institutional and professional investors seeking exposure to digital assets through structured investment solutions.

The company has focused on customized digital asset products, including derivatives and other structured arrangements linked to cryptocurrencies such as Bitcoin.