WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Sees Significant Increase in Short Interest

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 518,300 shares, a growth of 53.1% from the September 15th total of 338,500 shares. Based on an average daily trading volume, of 369,200 shares, the short-interest ratio is currently 1.4 days. Approximately 7.1% of the shares of the company are sold short. Approximately 7.1% of the shares of the company are sold short. Based on an average daily trading volume, of 369,200 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WiMi Hologram Cloud stock. Jump Financial LLC purchased a new stake in shares of WiMi Hologram Cloud Inc. (NASDAQ:WIMI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 39,512 shares of the company’s stock, valued at approximately $109,000. Jump Financial LLC owned 0.40% of WiMi Hologram Cloud as of its most recent filing with the Securities and Exchange Commission (SEC). 0.96% of the stock is currently owned by institutional investors and hedge funds.

WiMi Hologram Cloud Price Performance

Shares of WIMI opened at $3.95 on Friday. WiMi Hologram Cloud has a one year low of $2.24 and a one year high of $58.40. The stock’s fifty day moving average is $4.23 and its 200-day moving average is $3.94.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of WiMi Hologram Cloud in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

WiMi Hologram Cloud Company Profile

WiMi Hologram Cloud Inc provides augmented reality (AR) based holographic services and products in China. It operates in three segments: AR Advertising Services, AR Entertainment, and Semiconductor Related Products and Services. The company primarily offers holographic AR advertising services and holographic AR entertainment products.