Metalpha Technology Holding Limited (NASDAQ:MATH) Stock Short Interest Jumps 128.1%

Metalpha Technology Holding Limited (NASDAQ:MATH) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 86,780 shares, an increase of 128.1% from the August 31st total of 38,044 shares. Based on an average trading volume of 348,472 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

Metalpha Technology Stock Performance

NASDAQ MATH traded down $0.02 during trading on Friday, hitting $0.98. 37,908 shares of the stock traded hands, compared to its average volume of 198,327. Metalpha Technology has a 12-month low of $0.73 and a 12-month high of $4.10. The firm has a 50-day simple moving average of $0.89 and a 200-day simple moving average of $1.00.

Metalpha Technology (NASDAQ:MATH) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $12.56 million for the quarter.

Hedge Funds Weigh In On Metalpha Technology

An institutional investor recently bought a new stake in Metalpha Technology stock. Renaissance Technologies LLC bought a new stake in shares of Metalpha Technology Holding Limited (NASDAQ:MATH) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 46,100 shares of the company’s stock, valued at approximately $53,000. Renaissance Technologies LLC owned approximately 0.12% of Metalpha Technology at the end of the most recent quarter. 30.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Metalpha Technology from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Metalpha Technology Company Profile

Metalpha Technology Holding Limited is a digital asset technology and wealth management company focused on serving institutional clients. The company develops and provides financial products and services related to digital assets, including structured products and other solutions designed to help institutions manage cryptocurrency exposure.

Metalpha has been associated with the development of digital asset investment and risk-management products, with its operations centered primarily on the cryptocurrency and blockchain sectors.