Micropolis Holding Co (NYSEAMERICAN:MCRP) Sees Large Growth in Short Interest

Micropolis Holding Co (NYSEAMERICAN:MCRP) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 189,513 shares, a growth of 49.5% from the July 15th total of 126,806 shares. Based on an average trading volume of 220,128 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the company’s stock are sold short.

Micropolis Trading Down 2.7%

NYSEAMERICAN:MCRP traded down $0.04 during midday trading on Wednesday, reaching $1.26. The company had a trading volume of 358,389 shares, compared to its average volume of 330,996. The stock’s fifty day simple moving average is $1.47 and its 200-day simple moving average is $2.43. Micropolis has a 12-month low of $0.69 and a 12-month high of $4.62.

Hedge Funds Weigh In On Micropolis

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. WMG Financial Advisors LLC purchased a new stake in shares of Micropolis during the fourth quarter worth approximately $114,000. PEAK6 LLC purchased a new position in Micropolis in the fourth quarter worth approximately $376,000. XTX Topco Ltd acquired a new position in Micropolis during the 4th quarter worth approximately $57,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Micropolis in the 1st quarter valued at approximately $42,000.

About Micropolis

Micropolis Digital Development FZ-LLC (“Micropolis Dubai”), our wholly-owned subsidiary, is a robotics manufacturer founded in 2014, based in the United Arab Emirates (“UAE”) with its headquarters located in Dubai Production City, Dubai, UAE. We specialize in developing autonomous mobile robots (“AMRs”) that utilize wheeled electric vehicle (“EV”) platforms and are equipped with autonomous driving capabilities. We have historically conducted our business through Micropolis Dubai. For purposes of this Offering, in February 2023, we incorporated Micropolis Holding Company (“Micropolis Cayman”), an exempted company with limited liability under the laws of the Cayman Islands, as the listing vehicle for this Offering.