Micropolis Holding Co (NYSEAMERICAN:MCRP) Short Interest Update

Micropolis Holding Co (NYSEAMERICAN:MCRP) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 57,876 shares, a drop of 43.7% from the May 14th total of 102,723 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 153,024 shares, the short-interest ratio is presently 0.4 days.

Micropolis Stock Performance

Shares of MCRP opened at $1.87 on Friday. The stock’s 50-day moving average is $2.52. Micropolis has a fifty-two week low of $0.69 and a fifty-two week high of $4.61.

Analysts Set New Price Targets

Separately, Maxim Group began coverage on Micropolis in a research report on Monday, March 2nd. They set a “buy” rating and a $8.00 price target on the stock. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Micropolis has a consensus rating of “Buy” and a consensus price target of $8.00.

Institutional Investors Weigh In On Micropolis

Several hedge funds have recently modified their holdings of MCRP. Renaissance Technologies LLC purchased a new stake in shares of Micropolis during the 1st quarter worth about $42,000. XTX Topco Ltd purchased a new stake in shares of Micropolis during the 4th quarter worth about $57,000. WMG Financial Advisors LLC purchased a new stake in shares of Micropolis during the 4th quarter worth about $114,000. Finally, PEAK6 LLC purchased a new stake in shares of Micropolis during the 4th quarter worth about $376,000.

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.