Metalpha Technology Holding Limited (NASDAQ:MATH) Sees Large Drop in Short Interest

Metalpha Technology Holding Limited (NASDAQ:MATH) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totalling 4,200 shares, a decrease of 31.1% from the May 31st total of 6,100 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 18,800 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Metalpha Technology

A hedge fund recently bought a new stake in Metalpha Technology stock. Apollon Wealth Management LLC bought a new stake in Metalpha Technology Holding Limited (NASDAQ:MATH) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,164 shares of the company’s stock, valued at approximately $29,000. Apollon Wealth Management LLC owned approximately 0.06% of Metalpha Technology as of its most recent SEC filing. Hedge funds and other institutional investors own 30.53% of the company’s stock.

Metalpha Technology Stock Up 0.7 %

Shares of MATH traded up $0.01 during mid-day trading on Friday, hitting $1.38. 18,275 shares of the company’s stock were exchanged, compared to its average volume of 10,611. Metalpha Technology has a fifty-two week low of $1.06 and a fifty-two week high of $2.27. The stock’s 50-day moving average is $1.45 and its 200-day moving average is $1.55.

About Metalpha Technology

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.