MicroCloud Hologram Inc. (NASDAQ:HOLO) Sees Significant Increase in Short Interest

MicroCloud Hologram Inc. (NASDAQ:HOLO) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 865,000 shares, an increase of 331.2% from the September 30th total of 200,600 shares. Currently, 4.2% of the company’s stock are short sold. Based on an average daily volume of 3,230,000 shares, the short-interest ratio is presently 0.3 days.

MicroCloud Hologram Price Performance

Shares of MicroCloud Hologram stock traded down $0.22 during trading on Friday, hitting $3.58. 2,683,840 shares of the stock were exchanged, compared to its average volume of 5,072,608. The firm’s 50-day moving average price is $6.24 and its 200 day moving average price is $20.41. MicroCloud Hologram has a 12-month low of $3.55 and a 12-month high of $1,968.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MicroCloud Hologram stock. BNP Paribas Financial Markets bought a new position in shares of MicroCloud Hologram Inc. (NASDAQ:HOLO) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,981 shares of the company’s stock, valued at approximately $27,000. BNP Paribas Financial Markets owned 0.12% of MicroCloud Hologram as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 2.13% of the company’s stock.

About MicroCloud Hologram

MicroCloud Hologram Inc provides holographic technology services worldwide. It operates in two segments, Holographic Solutions and Holographic Technology Service. Its services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems.