MicroAlgo Sees Unusually Large Options Volume (NASDAQ:MLGO)

MicroAlgo Inc. (NASDAQ:MLGO) was the recipient of unusually large options trading activity on Monday. Stock traders bought 7,744 call options on the company. This is an increase of approximately 202% compared to the typical volume of 2,562 call options.

Institutional Investors Weigh In On MicroAlgo

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new position in MicroAlgo during the fourth quarter worth about $93,000. Jane Street Group LLC raised its position in shares of MicroAlgo by 117.3% in the 4th quarter. Jane Street Group LLC now owns 25,495 shares of the company’s stock valued at $96,000 after acquiring an additional 13,765 shares during the period. Finally, Balyasny Asset Management L.P. bought a new position in MicroAlgo during the 4th quarter worth approximately $319,000. Institutional investors own 1.10% of the company’s stock.

MicroAlgo Trading Down 17.1 %

Shares of MicroAlgo stock opened at $9.83 on Wednesday. MicroAlgo has a 52 week low of $1.11 and a 52 week high of $509.60. The firm has a fifty day moving average of $9.16 and a two-hundred day moving average of $5.34.

MicroAlgo Company Profile

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.