WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Sees Significant Increase in Short Interest

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) was the target of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 490,900 shares, an increase of 40.2% from the May 15th total of 350,200 shares. Approximately 7.3% of the shares of the stock are sold short. Based on an average trading volume of 783,200 shares, the short-interest ratio is presently 0.6 days.

WiMi Hologram Cloud Stock Down 6.5%

WIMI opened at $2.32 on Monday. WiMi Hologram Cloud has a 52 week low of $2.30 and a 52 week high of $29.20. The business’s fifty day simple moving average is $4.11 and its 200 day simple moving average is $14.17.

Institutional Trading of WiMi Hologram Cloud

A number of large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new stake in shares of WiMi Hologram Cloud during the fourth quarter valued at $190,000. Marshall Wace LLP acquired a new stake in WiMi Hologram Cloud in the 4th quarter worth about $169,000. Two Sigma Securities LLC boosted its stake in WiMi Hologram Cloud by 83.9% in the 4th quarter. Two Sigma Securities LLC now owns 85,868 shares of the company’s stock worth $159,000 after buying an additional 39,176 shares during the last quarter. Stifel Financial Corp acquired a new stake in WiMi Hologram Cloud in the 4th quarter worth about $142,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in WiMi Hologram Cloud in the 4th quarter worth about $91,000. Institutional investors and hedge funds own 0.96% of the company’s stock.

About WiMi Hologram Cloud

WiMi Hologram Cloud Inc provides augmented reality (AR) based holographic services and products in China. It operates in three segments: AR Advertising Services, AR Entertainment, and Semiconductor Related Products and Services. The company primarily offers holographic AR advertising services and holographic AR entertainment products.