MicroCloud Hologram Inc. (NASDAQ:HOLO) Sees Large Growth in Short Interest

MicroCloud Hologram Inc. (NASDAQ:HOLO) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 2,780,000 shares, a growth of 129.8% from the May 31st total of 1,210,000 shares. Based on an average daily trading volume, of 14,210,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 11.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroCloud Hologram stock. BNP Paribas Financial Markets acquired a new position in shares of MicroCloud Hologram Inc. (NASDAQ:HOLO) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,981 shares of the company’s stock, valued at approximately $27,000. BNP Paribas Financial Markets owned about 0.12% of MicroCloud Hologram at the end of the most recent quarter. 2.13% of the stock is currently owned by institutional investors and hedge funds.

MicroCloud Hologram Stock Performance

Shares of MicroCloud Hologram stock traded up $0.02 during trading on Friday, reaching $0.82. The company’s stock had a trading volume of 12,356,311 shares, compared to its average volume of 19,560,246. The stock has a 50-day moving average price of $1.75 and a two-hundred day moving average price of $5.28. MicroCloud Hologram has a one year low of $0.76 and a one year high of $113.00.

MicroCloud Hologram Company Profile

MicroCloud Hologram Inc provides holographic technology services worldwide. It operates in two segments, Holographic Solutions and Holographic Technology Service. Its services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems.