Metalpha Technology Holding Limited (NASDAQ:MATH) Short Interest Down 14.3% in March

Metalpha Technology Holding Limited (NASDAQ:MATH) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 32,739 shares, a decrease of 14.3% from the March 15th total of 38,212 shares. Based on an average trading volume of 35,103 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its holdings in shares of Metalpha Technology by 42.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 20,346 shares of the company’s stock worth $35,000 after acquiring an additional 6,040 shares during the period. HRT Financial LP lifted its position in Metalpha Technology by 242.0% in the 4th quarter. HRT Financial LP now owns 35,763 shares of the company’s stock valued at $75,000 after purchasing an additional 25,305 shares during the last quarter. Finally, Geode Capital Management LLC bought a new stake in Metalpha Technology in the 2nd quarter valued at about $100,000. 30.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Metalpha Technology from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Metalpha Technology Trading Up 23.6%

Shares of Metalpha Technology stock traded up $0.26 during trading hours on Friday, reaching $1.36. The company’s stock had a trading volume of 413,827 shares, compared to its average volume of 28,518. The company’s 50 day simple moving average is $1.19 and its 200 day simple moving average is $2.16. Metalpha Technology has a one year low of $1.00 and a one year high of $4.17.

Metalpha Technology (NASDAQ:MATH) last posted its quarterly earnings results on Friday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $12.02 million for the quarter.

Metalpha Technology Company Profile

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services. It serves institutional investors and high-net-worth individuals.