Metalpha Technology Holding Limited (NASDAQ:MATH) Sees Significant Growth in Short Interest

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

Metalpha Technology Price Performance

Shares of NASDAQ MATH traded up $0.01 during midday trading on Tuesday, reaching $1.04. The company’s stock had a trading volume of 58,714 shares, compared to its average volume of 79,570. The firm has a 50 day moving average price of $0.90 and a 200-day moving average price of $1.00. Metalpha Technology has a 12-month low of $0.73 and a 12-month high of $4.10.

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

Hedge Funds Weigh In On Metalpha Technology

A hedge fund recently bought a new position in Metalpha Technology stock. Renaissance Technologies LLC acquired a new position in Metalpha Technology Holding Limited (NASDAQ:MATH) during the 1st quarter, according to the company in 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 as of its most recent filing with the Securities & Exchange Commission. 30.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.