Metalpha Technology Holding Limited (NASDAQ:MATH) Short Interest Down 34.4% in June

Metalpha Technology Holding Limited (NASDAQ:MATH) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 44,999 shares, a decrease of 34.4% from the June 15th total of 68,614 shares. Based on an average daily trading volume, of 50,480 shares, the short-interest ratio is currently 0.9 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Trading of Metalpha Technology

A number of institutional investors have recently modified their holdings of MATH. Goldman Sachs Group Inc. boosted its position in shares of Metalpha Technology by 11.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 79,344 shares of the company’s stock worth $167,000 after buying an additional 8,353 shares during the period. Geode Capital Management LLC acquired a new stake in Metalpha Technology in the 2nd quarter valued at approximately $100,000. HRT Financial LP lifted its stake 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 acquiring an additional 25,305 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Metalpha Technology in the 1st quarter valued at approximately $53,000. 30.53% of the stock is currently owned by institutional investors.

Metalpha Technology Price Performance

Shares of MATH stock opened at $0.94 on Friday. Metalpha Technology has a 12-month low of $0.84 and a 12-month high of $4.10. The firm has a fifty day moving average of $0.99 and a 200-day moving average of $1.31.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Metalpha Technology from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

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.