MicroCloud Hologram Inc. (NASDAQ:HOLO) Short Interest Up 43.4% in March

MicroCloud Hologram Inc. (NASDAQ:HOLO) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 1,249,124 shares, an increase of 43.4% from the March 15th total of 870,791 shares. Currently, 8.6% of the company’s shares are sold short. Based on an average trading volume of 1,348,182 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of MicroCloud Hologram in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, MicroCloud Hologram currently has a consensus rating of “Sell”.

MicroCloud Hologram Stock Up 8.1%

Shares of NASDAQ HOLO traded up $0.17 during midday trading on Thursday, reaching $2.26. The company had a trading volume of 982,527 shares, compared to its average volume of 689,993. MicroCloud Hologram has a one year low of $1.80 and a one year high of $19.44. The firm’s fifty day moving average price is $2.11 and its 200-day moving average price is $3.04. The stock has a market cap of $32.92 million, a PE ratio of 0.00 and a beta of 3.20.

MicroCloud Hologram (NASDAQ:HOLO) last released its earnings results on Friday, March 27th. The company reported ($3.37) earnings per share for the quarter. The firm had revenue of $17.71 million during the quarter.

Institutional Investors Weigh In On MicroCloud Hologram

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Moody National Bank Trust Division bought a new stake in shares of MicroCloud Hologram in the 3rd quarter valued at about $345,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of MicroCloud Hologram in the 4th quarter valued at about $123,000. Virtu Financial LLC bought a new stake in shares of MicroCloud Hologram in the 4th quarter valued at about $98,000. Quadrature Capital Ltd bought a new stake in shares of MicroCloud Hologram in the 4th quarter valued at about $64,000. Finally, Jane Street Group LLC bought a new stake in shares of MicroCloud Hologram in the 4th quarter valued at about $60,000. Institutional investors own 2.13% of the company’s stock.

About MicroCloud Hologram

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.