Short Interest in MultiMetaVerse Holdings Limited (NASDAQ:MMV) Declines By 18.3%

MultiMetaVerse Holdings Limited (NASDAQ:MMV) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 138,800 shares, a decline of 18.3% from the October 15th total of 169,900 shares. Based on an average trading volume of 158,500 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.0% of the shares of the stock are short sold.

MultiMetaVerse Stock Down 3.4 %

Shares of NASDAQ:MMV traded down $0.01 during trading on Friday, reaching $0.36. The company’s stock had a trading volume of 207,173 shares, compared to its average volume of 838,147. The firm’s 50 day simple moving average is $0.45 and its two-hundred day simple moving average is $0.55. MultiMetaVerse has a 12 month low of $0.32 and a 12 month high of $2.05.

Institutional Trading of MultiMetaVerse

A hedge fund recently bought a new stake in MultiMetaVerse stock. Renaissance Technologies LLC purchased a new position in shares of MultiMetaVerse Holdings Limited (NASDAQ:MMV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 42,100 shares of the company’s stock, valued at approximately $25,000. Renaissance Technologies LLC owned approximately 0.13% of MultiMetaVerse at the end of the most recent quarter.

MultiMetaVerse Company Profile

MultiMetaVerse Holdings Limited operates as an animation and entertainment company in the People’s Republic of China. The company offers a product portfolio, including animated content, comic books, short videos, collectibles, stationery, consumer products, and mobile games under the Aotu World brand, as well as action figures, stuffed dolls, apparel, costumes, trading cards, and other collectible functional items.