Metalpha Technology Holding Limited (NASDAQ:MATH) Short Interest Up 367.0% in February

Metalpha Technology Holding Limited (NASDAQ:MATH) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 324,878 shares, an increase of 367.0% from the January 29th total of 69,563 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 116,985 shares, the days-to-cover ratio is presently 2.8 days. Based on an average daily volume of 116,985 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.8% of the shares of the company are sold short.

Metalpha Technology Stock Performance

Shares of MATH opened at $1.19 on Thursday. The stock’s 50-day moving average price is $1.94 and its 200-day moving average price is $2.68. Metalpha Technology has a 52 week low of $1.17 and a 52 week high of $4.17.

Metalpha Technology (NASDAQ:MATH) last announced its quarterly earnings results on Friday, February 20th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $6.01 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Metalpha Technology in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MATH. Geode Capital Management LLC purchased a new stake in shares of Metalpha Technology during the 2nd quarter worth about $100,000. HRT Financial LP raised its holdings in Metalpha Technology by 242.0% in the 4th quarter. HRT Financial LP now owns 35,763 shares of the company’s stock worth $75,000 after purchasing an additional 25,305 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Metalpha Technology by 11.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 79,344 shares of the company’s stock worth $167,000 after purchasing an additional 8,353 shares in the last quarter. Hedge funds and other institutional investors own 30.53% of the company’s stock.

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. It serves institutional investors and high-net-worth individuals.