Metalpha Technology Holding Limited (NASDAQ:MATH) Shares Shorted: Short Interest Up 128.1% in September

Metalpha Technology Holding Limited (NASDAQ:MATH) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 86,780 shares, an increase of 128.1% from the August 31st total of 38,044 shares. Based on an average trading volume of 348,472 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Metalpha Technology

A hedge fund recently bought a new position in Metalpha Technology stock. Renaissance Technologies LLC bought a new position in Metalpha Technology Holding Limited (NASDAQ:MATH) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 46,100 shares of the company’s stock, valued at approximately $53,000. Renaissance Technologies LLC owned 0.12% of Metalpha Technology as of its most recent SEC filing. Hedge funds and other institutional investors own 30.53% of the company’s stock.

Metalpha Technology Stock Down 1.9%

Shares of NASDAQ:MATH traded down $0.02 during trading hours on Friday, hitting $0.98. 37,908 shares of the company’s stock traded hands, compared to its average volume of 198,327. Metalpha Technology has a 1 year low of $0.73 and a 1 year high of $4.10. The business has a fifty day moving average price of $0.89 and a 200-day moving average price of $1.00.

Metalpha Technology (NASDAQ:MATH) last released its earnings results on Thursday, August 6th. The company reported $0.05 EPS for the quarter. The business had revenue of $12.56 million for the quarter.

About Metalpha Technology

Metalpha Technology Holding Limited is a digital asset technology and wealth management company focused on serving institutional clients. The company develops and provides financial products and services related to digital assets, including structured products and other solutions designed to help institutions manage cryptocurrency exposure.

Metalpha has been associated with the development of digital asset investment and risk-management products, with its operations centered primarily on the cryptocurrency and blockchain sectors.