Micropolis Holding Co (NYSEAMERICAN:MCRP) Sees Significant Decrease in Short Interest

Micropolis Holding Co (NYSEAMERICAN:MCRP) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 32,480 shares, a decrease of 43.9% from the May 31st total of 57,876 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 112,939 shares, the days-to-cover ratio is presently 0.3 days.

Micropolis Stock Down 3.3%

Micropolis stock traded down $0.06 during trading hours on Wednesday, hitting $1.77. The company had a trading volume of 66,481 shares, compared to its average volume of 1,233,017. The business’s 50-day moving average is $2.32. Micropolis has a one year low of $0.69 and a one year high of $4.62.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MCRP. Renaissance Technologies LLC acquired a new stake in shares of Micropolis in the 1st quarter worth about $42,000. XTX Topco Ltd bought a new stake in Micropolis during the 4th quarter worth approximately $57,000. WMG Financial Advisors LLC purchased a new stake in Micropolis in the 4th quarter valued at $114,000. Finally, PEAK6 LLC purchased a new stake in shares of Micropolis in the fourth quarter valued at 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.