WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Sees Significant Growth in Short Interest

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 3,550,000 shares, a growth of 1,176.1% from the December 31st total of 278,200 shares. Based on an average daily volume of 6,050,000 shares, the days-to-cover ratio is currently 0.6 days.

WiMi Hologram Cloud Trading Down 2.6 %

Shares of NASDAQ:WIMI traded down $0.03 during trading on Tuesday, reaching $0.96. The company had a trading volume of 2,881,596 shares, compared to its average volume of 9,164,911. WiMi Hologram Cloud has a fifty-two week low of $0.61 and a fifty-two week high of $2.92. The stock’s fifty day moving average price is $1.12 and its 200 day moving average price is $0.94.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC increased its position in WiMi Hologram Cloud by 97.9% during the 3rd quarter. Virtu Financial LLC now owns 61,676 shares of the company’s stock worth $64,000 after purchasing an additional 30,512 shares during the period. Symmetry Peak Management LLC acquired a new stake in WiMi Hologram Cloud in the third quarter valued at $76,000. Garden State Investment Advisory Services LLC purchased a new stake in shares of WiMi Hologram Cloud during the 3rd quarter worth $178,000. Finally, XTX Topco Ltd acquired a new position in shares of WiMi Hologram Cloud during the 2nd quarter worth $45,000. 0.96% of the stock is currently owned by institutional investors and hedge funds.

About WiMi Hologram Cloud

WiMi Hologram Cloud Inc provides augmented reality (AR) based holographic services and products in China. It operates in three segments: AR Advertising Services, AR Entertainment, and Semiconductor Related Products and Services. The company primarily offers holographic AR advertising services and holographic AR entertainment products.