WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Sees Large Drop in Short Interest

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 143,634 shares, a drop of 67.9% from the February 26th total of 446,801 shares. Currently, 2.3% of the shares of the stock are sold short. Based on an average daily volume of 44,791 shares, the days-to-cover ratio is currently 3.2 days.

Hedge Funds Weigh In On WiMi Hologram Cloud

A hedge fund recently bought a new stake in WiMi Hologram Cloud stock. Jump Financial LLC acquired a new stake in shares of WiMi Hologram Cloud Inc. (NASDAQ:WIMI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 39,512 shares of the company’s stock, valued at approximately $109,000. Jump Financial LLC owned approximately 0.40% of WiMi Hologram Cloud at the end of the most recent quarter. Hedge funds and other institutional investors own 0.96% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, WiMi Hologram Cloud currently has an average rating of “Sell”.

WiMi Hologram Cloud Stock Performance

NASDAQ WIMI opened at $1.66 on Friday. The stock’s 50-day simple moving average is $2.02 and its two-hundred day simple moving average is $2.99. WiMi Hologram Cloud has a twelve month low of $1.61 and a twelve month high of $23.40.

WiMi Hologram Cloud Company Profile

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.