MMTec, Inc. (NASDAQ:MTC) Sees Large Growth in Short Interest

MMTec, Inc. (NASDAQ:MTC) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 460,300 shares, a growth of 151.8% from the February 13th total of 182,800 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average daily volume of 238,600 shares, the days-to-cover ratio is currently 1.9 days.

MMTec Stock Performance

NASDAQ MTC traded down $0.08 during trading on Thursday, reaching $1.03. The company’s stock had a trading volume of 59,030 shares, compared to its average volume of 146,166. MMTec has a 12 month low of $1.01 and a 12 month high of $103.20. The firm has a 50 day moving average price of $1.46 and a 200 day moving average price of $2.15.

About MMTec

MMTec, Inc, together with its subsidiaries, develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements worldwide. The company operates in two segments, Gujia and MM Global. It offers Internet-based securities solutions comprising Securities Dealers Trading System, which supports securities registration and clearing, account management, risk management, trading and execution, and third party access middleware; Private Fund Investment Management System that supports multi-account management, fund valuation, risk management, quantitative trading access, liquidation, and requisition management; and Mobile Transaction Individual Client System and PC Client System for Apple IOS, Android, PC, and Web applications.