WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Short Interest Up 142.2% in March

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 347,820 shares, an increase of 142.2% from the March 15th total of 143,634 shares. Based on an average trading volume of 61,224 shares, the days-to-cover ratio is currently 5.7 days. Approximately 5.5% of the company’s stock are sold short.

WiMi Hologram Cloud Price Performance

NASDAQ WIMI opened at $1.85 on Monday. WiMi Hologram Cloud has a 12 month low of $1.56 and a 12 month high of $7.26. The stock has a 50 day moving average of $1.86 and a 200-day moving average of $2.77.

Institutional Investors Weigh In On WiMi Hologram Cloud

A hedge fund recently bought a new stake in WiMi Hologram Cloud stock. XTX Topco Ltd acquired a new position in shares of WiMi Hologram Cloud Inc. (NASDAQ:WIMI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 30,569 shares of the company’s stock, valued at approximately $72,000. XTX Topco Ltd owned about 0.31% of WiMi Hologram Cloud as of its most recent SEC filing. Institutional investors own 0.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of WiMi Hologram Cloud in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, WiMi Hologram Cloud has an average rating of “Sell”.

About WiMi Hologram Cloud

WiMi Hologram Cloud Inc is a technology company specializing in the development and delivery of cloud-based holographic augmented reality (AR) solutions. Its core offering is a proprietary holographic cloud platform that integrates advanced computer vision, artificial intelligence and 3D rendering algorithms to power immersive AR experiences. The company’s services span content creation, distribution and deployment, enabling enterprises and developers to integrate holographic effects into applications ranging from live streaming and virtual events to interactive advertising campaigns.

Through its platform, WiMi Hologram Cloud distributes a digital library of holographic assets—such as 3D models, animations and special effects—that can be accessed on demand.