Short Interest in MMTec, Inc. (NASDAQ:MTC) Decreases By 18.0%

MMTec, Inc. (NASDAQ:MTC) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 195,800 shares, a drop of 18.0% from the January 15th total of 238,800 shares. Based on an average daily trading volume, of 337,700 shares, the short-interest ratio is presently 0.6 days.

MMTec Stock Down 0.6 %

Shares of MMTec stock opened at $1.60 on Friday. The business has a fifty day simple moving average of $1.59 and a 200-day simple moving average of $2.27. MMTec has a 12 month low of $1.26 and a 12 month high of $103.20.

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.