MicroAlgo Inc. (NASDAQ:MLGO) Short Interest Update

MicroAlgo Inc. (NASDAQ:MLGO) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 7,010,000 shares, a growth of 28.6% from the November 15th total of 5,450,000 shares. Based on an average daily trading volume, of 32,150,000 shares, the short-interest ratio is currently 0.2 days.

MicroAlgo Price Performance

Shares of MLGO stock opened at $2.35 on Monday. MicroAlgo has a 52-week low of $2.35 and a 52-week high of $509.60. The business has a 50-day simple moving average of $0.27 and a 200-day simple moving average of $2.08.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroAlgo stock. Platform Technology Partners bought a new stake in shares of MicroAlgo Inc. (NASDAQ:MLGO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 100,000 shares of the company’s stock, valued at approximately $25,000. Platform Technology Partners owned approximately 1.94% of MicroAlgo at the end of the most recent reporting period. 1.10% of the stock is owned by institutional investors and hedge funds.

About MicroAlgo

MicroAlgo Inc develops and applies central processing algorithm solutions to customers in internet advertisement, gaming, and intelligent chip industries in the People’s Republic of China, Hong Kong, and internationally. The company operates through two segments, Central Processing Algorithm Services, and Intelligent Chips and Services.