Short Interest in Metalpha Technology Holding Limited (NASDAQ:MATH) Drops By 20.0%

Metalpha Technology Holding Limited (NASDAQ:MATH) was the target of a significant decline in short interest in January. As of January 31st, there was short interest totalling 63,900 shares, a decline of 20.0% from the January 15th total of 79,900 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 72,300 shares, the days-to-cover ratio is currently 0.9 days.

Metalpha Technology Stock Performance

Metalpha Technology stock traded up $0.34 during trading hours on Friday, reaching $2.70. The stock had a trading volume of 848,825 shares, compared to its average volume of 55,284. The business’s 50 day moving average price is $1.44 and its 200-day moving average price is $1.24. Metalpha Technology has a 52 week low of $0.80 and a 52 week high of $2.77.

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.