Metalpha Technology Holding Limited (NASDAQ:MATH) Short Interest Up 367.0% in February

Metalpha Technology Holding Limited (NASDAQ:MATH) was the target of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 324,878 shares, an increase of 367.0% from the January 29th total of 69,563 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 116,985 shares, the short-interest ratio is presently 2.8 days. Based on an average trading volume of 116,985 shares, the short-interest ratio is presently 2.8 days. Approximately 0.8% of the shares of the stock are sold short.

Metalpha Technology Price Performance

NASDAQ MATH opened at $1.20 on Friday. Metalpha Technology has a twelve month low of $1.14 and a twelve month high of $4.17. The stock has a 50-day simple moving average of $1.89 and a 200 day simple moving average of $2.66.

Metalpha Technology (NASDAQ:MATH) last announced its quarterly earnings data on Friday, February 20th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $6.01 million for the quarter.

Institutional Investors Weigh In On Metalpha Technology

A number of hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in shares of Metalpha Technology by 11.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 79,344 shares of the company’s stock worth $167,000 after buying an additional 8,353 shares during the last quarter. HRT Financial LP grew its holdings in Metalpha Technology by 242.0% during the 4th quarter. HRT Financial LP now owns 35,763 shares of the company’s stock worth $75,000 after acquiring an additional 25,305 shares during the period. Finally, Geode Capital Management LLC bought a new stake in shares of Metalpha Technology during the 2nd quarter valued at $100,000. Institutional investors and hedge funds own 30.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Metalpha Technology in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Metalpha Technology

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services. It serves institutional investors and high-net-worth individuals.