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

Micropolis Holding Co (NYSEAMERICAN:MCRP) was the target of a significant 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. Based on an average daily volume of 2,383,998 shares, the short-interest ratio is presently 0.1 days. Approximately 0.7% of the company’s stock are short sold.

Micropolis Stock Performance

MCRP remained flat at $1.50 during trading hours on Friday. 92,883 shares of the company were exchanged, compared to its average volume of 1,236,092. Micropolis has a 1-year low of $0.69 and a 1-year high of $4.62. The stock’s fifty day simple moving average is $2.20.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. PEAK6 LLC acquired a new stake in Micropolis during the 4th quarter valued at approximately $376,000. XTX Topco Ltd acquired a new stake in shares of Micropolis during the fourth quarter worth approximately $57,000. Renaissance Technologies LLC bought a new stake in shares of Micropolis in the first quarter worth $42,000. Finally, WMG Financial Advisors LLC acquired a new stake in Micropolis in the fourth quarter valued at $114,000.

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.