MicroCloud Hologram Inc. (NASDAQ:HOLO) Sees Significant Increase in Short Interest

MicroCloud Hologram Inc. (NASDAQ:HOLO) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 9,370,000 shares, a growth of 17.9% from the February 13th total of 7,950,000 shares. Currently, 45.8% of the shares of the company are sold short. Based on an average trading volume of 31,470,000 shares, the days-to-cover ratio is currently 0.3 days.

MicroCloud Hologram Stock Down 2.9 %

NASDAQ:HOLO traded down $0.02 during trading on Thursday, reaching $0.77. The company’s stock had a trading volume of 2,325,693 shares, compared to its average volume of 10,086,466. MicroCloud Hologram has a 12 month low of $0.73 and a 12 month high of $120.00. The firm has a 50 day moving average of $1.37 and a 200-day moving average of $2.92.

Institutional Investors Weigh In On MicroCloud Hologram

A number of hedge funds have recently modified their holdings of HOLO. Virtu Financial LLC purchased a new position in shares of MicroCloud Hologram during the 4th quarter valued at $53,000. Bravias Capital Group LLC bought a new stake in MicroCloud Hologram in the 4th quarter valued at about $162,000. SBI Securities Co. Ltd. purchased a new stake in MicroCloud Hologram during the fourth quarter valued at about $232,000. XTX Topco Ltd boosted its position in MicroCloud Hologram by 1,488.2% during the third quarter. XTX Topco Ltd now owns 174,637 shares of the company’s stock worth $63,000 after purchasing an additional 163,641 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of MicroCloud Hologram by 336.3% in the third quarter. Jane Street Group LLC now owns 422,656 shares of the company’s stock worth $152,000 after purchasing an additional 325,785 shares in the last quarter. Institutional investors own 2.13% of the company’s stock.

MicroCloud Hologram Company Profile

MicroCloud Hologram Inc provides holographic technology services worldwide. It operates in two segments, Holographic Solutions and Holographic Technology Service. Its services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems.