MMTec, Inc. (NASDAQ:MTC) Sees Significant Drop in Short Interest

MMTec, Inc. (NASDAQ:MTC) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 50,800 shares, adecreaseof50.5% from the July 15th total of 102,600 shares. Based on an average daily trading volume, of 71,500 shares, the days-to-cover ratio is currently 0.7 days. Currently,0.2% of the company’s shares are sold short. Currently,0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 71,500 shares, the days-to-cover ratio is currently 0.7 days.

MMTec Trading Up 7.0%

Shares of NASDAQ:MTC opened at $1.00 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.41 and a quick ratio of 0.41. The business’s 50 day moving average is $0.96 and its 200 day moving average is $1.08. MMTec has a 52-week low of $0.76 and a 52-week high of $6.42.

About MMTec

MMTec, Inc, together with its subsidiaries, develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements worldwide. The company operates in two segments, Gujia and MM Global. It offers Internet-based securities solutions comprising Securities Dealers Trading System, which supports securities registration and clearing, account management, risk management, trading and execution, and third party access middleware; Private Fund Investment Management System that supports multi-account management, fund valuation, risk management, quantitative trading access, liquidation, and requisition management; and Mobile Transaction Individual Client System and PC Client System for Apple IOS, Android, PC, and Web applications.