Metalpha Technology Holding Limited (NASDAQ:MATH) Short Interest Update

Metalpha Technology Holding Limited (NASDAQ:MATH) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 81,832 shares, a growth of 146.7% from the April 15th total of 33,176 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 97,001 shares, the short-interest ratio is presently 0.8 days.

Metalpha Technology Price Performance

Shares of NASDAQ:MATH traded down $0.01 during trading on Friday, hitting $0.98. 113,068 shares of the stock traded hands, compared to its average volume of 69,004. The company has a fifty day moving average price of $1.13 and a two-hundred day moving average price of $1.87. Metalpha Technology has a 52-week low of $0.91 and a 52-week high of $4.17.

Metalpha Technology (NASDAQ:MATH) last released its quarterly earnings results on Friday, February 20th. The company reported ($0.04) EPS for the quarter. The company had revenue of $12.02 million for the quarter.

Hedge Funds Weigh In On Metalpha Technology

A number of hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its position in shares of Metalpha Technology by 11.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 79,344 shares of the company’s stock valued at $167,000 after buying an additional 8,353 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Metalpha Technology in the 1st quarter valued at $53,000. HRT Financial LP increased its holdings in Metalpha Technology by 242.0% in the 4th quarter. HRT Financial LP now owns 35,763 shares of the company’s stock worth $75,000 after acquiring an additional 25,305 shares in the last quarter. Finally, Geode Capital Management LLC purchased a new stake in Metalpha Technology in the 2nd quarter worth $100,000. Hedge funds and other institutional investors own 30.53% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Metalpha Technology from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

About Metalpha Technology

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services. It serves institutional investors and high-net-worth individuals.