Micropolis Holding Co (NYSEAMERICAN:MCRP) Short Interest Up 65.0% in August

Micropolis Holding Co (NYSEAMERICAN:MCRP) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 272,656 shares, a growth of 65.0% from the August 15th total of 165,250 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily volume of 1,212,342 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Micropolis

An institutional investor recently bought a new position in Micropolis stock. Renaissance Technologies LLC bought a new stake in shares of Micropolis Holding Co (NYSEAMERICAN:MCRP) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,307 shares of the company’s stock, valued at approximately $42,000.

Micropolis Price Performance

NYSEAMERICAN MCRP opened at $0.80 on Thursday. The stock has a 50-day moving average of $1.14 and a 200-day moving average of $2.09. Micropolis has a 1-year low of $0.69 and a 1-year high of $4.62.

About Micropolis

Micropolis Digital Development FZ-LLC (“Micropolis Dubai”), our wholly-owned subsidiary, is a robotics manufacturer founded in 2014, based in the United Arab Emirates (“UAE”) with its headquarters located in Dubai Production City, Dubai, UAE. We specialize in developing autonomous mobile robots (“AMRs”) that utilize wheeled electric vehicle (“EV”) platforms and are equipped with autonomous driving capabilities. We have historically conducted our business through Micropolis Dubai. For purposes of this Offering, in February 2023, we incorporated Micropolis Holding Company (“Micropolis Cayman”), an exempted company with limited liability under the laws of the Cayman Islands, as the listing vehicle for this Offering.