Short Interest in MicroCloud Hologram Inc. (NASDAQ:HOLO) Declines By 96.6%

MicroCloud Hologram Inc. (NASDAQ:HOLO) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 200,600 shares, a drop of 96.6% from the September 15th total of 5,820,000 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average trading volume of 3,060,000 shares, the short-interest ratio is currently 0.1 days.

MicroCloud Hologram Stock Down 6.6 %

HOLO traded down $0.38 during midday trading on Friday, hitting $5.37. 2,340,228 shares of the company were exchanged, compared to its average volume of 1,452,426. The firm’s 50 day moving average price is $0.57 and its 200-day moving average price is $1.37. MicroCloud Hologram has a 1-year low of $4.00 and a 1-year high of $1,968.00.

Hedge Funds Weigh In On MicroCloud Hologram

A hedge fund recently bought a new stake in MicroCloud Hologram stock. BNP Paribas Financial Markets acquired a new stake in MicroCloud Hologram Inc. (NASDAQ:HOLO) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor 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 as of its most recent filing with the SEC. 2.13% of the stock is currently owned by institutional investors.

About MicroCloud Hologram

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.