Metalpha Technology Holding Limited (NASDAQ:MATH) Shares Shorted: Short Interest Down 41.5% in September

Metalpha Technology Holding Limited (NASDAQ:MATH) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 50,770 shares, a decrease of 41.5% from the September 15th total of 86,780 shares. Based on an average daily volume of 61,384 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Metalpha Technology Price Performance

MATH traded down $0.03 during trading on Friday, reaching $1.05. 44,889 shares of the stock were exchanged, compared to its average volume of 70,676. The stock’s 50 day moving average price is $0.94 and its two-hundred day moving average price is $0.99. Metalpha Technology has a twelve month low of $0.73 and a twelve month high of $3.47.

Metalpha Technology (NASDAQ:MATH) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.05 EPS for the quarter. The firm had revenue of $0.53 million during the quarter.

Institutional Investors Weigh In On Metalpha Technology

A hedge fund recently bought a new stake in Metalpha Technology stock. Renaissance Technologies LLC purchased a new position in shares of Metalpha Technology Holding Limited (NASDAQ:MATH) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 46,100 shares of the company’s stock, valued at approximately $53,000. Renaissance Technologies LLC owned 0.12% of Metalpha Technology as of its most recent filing with the Securities & Exchange Commission. 30.53% of the stock is currently owned by institutional investors and hedge funds.

About Metalpha Technology

Metalpha Technology Holding Limited (NASDAQ:MATH) is a digital asset wealth management company that develops and provides cryptocurrency-related financial products and services. Its offerings are designed primarily for institutional and professional investors seeking exposure to digital assets through structured investment solutions.

The company has focused on customized digital asset products, including derivatives and other structured arrangements linked to cryptocurrencies such as Bitcoin.