Micropolis Holding Co (NYSEAMERICAN:MCRP) Sees Significant Growth in Short Interest

Micropolis Holding Co (NYSEAMERICAN:MCRP) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 257,402 shares, an increase of 692.5% from the June 15th total of 32,480 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 2,383,998 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new stake in Micropolis in the first quarter valued at about $42,000. XTX Topco Ltd acquired a new position in shares of Micropolis during the fourth quarter valued at about $57,000. WMG Financial Advisors LLC acquired a new position in shares of Micropolis during the fourth quarter valued at about $114,000. Finally, PEAK6 LLC purchased a new position in shares of Micropolis in the 4th quarter valued at approximately $376,000.

Micropolis Stock Down 1.7%

Shares of Micropolis stock opened at $1.47 on Monday. The business has a 50-day moving average price of $2.20. Micropolis has a one year low of $0.69 and a one year high of $4.62.

About Micropolis

Micropolis Digital Development FZ-LLC (“Micropolis Dubai”), our wholly-owned subsidiary, is a robotics manufacturer founded in 2014, based in the United Arab Emirates (“UAE”) with its headquarters located in Dubai Production City, Dubai, UAE. We specialize in developing autonomous mobile robots (“AMRs”) that utilize wheeled electric vehicle (“EV”) platforms and are equipped with autonomous driving capabilities. We have historically conducted our business through Micropolis Dubai. For purposes of this Offering, in February 2023, we incorporated Micropolis Holding Company (“Micropolis Cayman”), an exempted company with limited liability under the laws of the Cayman Islands, as the listing vehicle for this Offering.