Micropolis Holding Co (NYSEAMERICAN:MCRP) Shares Shorted: Short Interest Up 171.0% in October

Micropolis Holding Co (NYSEAMERICAN:MCRP) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 118,445 shares, a growth of 171.0% from the October 15th total of 43,708 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 517,026 shares, the days-to-cover ratio is currently 0.2 days.

Micropolis Stock Down 11.3%

Shares of MCRP stock opened at $0.34 on Friday. Micropolis has a one year low of $0.33 and a one year high of $4.62. The stock has a fifty day moving average price of $0.60 and a 200 day moving average price of $1.91.

Hedge Funds Weigh In On Micropolis

An institutional investor recently bought a new position in Micropolis stock. Renaissance Technologies LLC bought a new stake in Micropolis Holding Co (NYSEAMERICAN:MCRP) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,307 shares of the company’s stock, valued at approximately $42,000.

About Micropolis

Micropolis is a technology company focused on autonomous mobility and smart transportation solutions. Its business centers on developing electric, self-driving vehicles and the software systems needed to operate and manage autonomous fleets. The company’s platform is designed for controlled or defined environments, such as campuses, resorts, airports, planned communities, and other urban or commercial settings. Its solutions are intended to support passenger transportation, last-mile mobility, and potentially logistics applications through a combination of autonomous vehicles, artificial intelligence, sensors, and fleet-management technology.