Short Interest in X3 Holdings Co Ltd. (NASDAQ:XTKG) Drops By 51.4%

X3 Holdings Co Ltd. (NASDAQ:XTKG) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 36,900 shares, a decrease of 51.4% from the September 30th total of 75,900 shares. Based on an average daily volume of 363,500 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

X3 Stock Performance

XTKG opened at $0.13 on Monday. X3 has a 52 week low of $0.12 and a 52 week high of $1.64. The stock’s fifty day moving average is $0.22 and its two-hundred day moving average is $0.46.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in X3 stock. Marshall Wace LLP purchased a new stake in X3 Holdings Co Ltd. (NASDAQ:XTKG) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 241,899 shares of the company’s stock, valued at approximately $126,000. Marshall Wace LLP owned 19.23% of X3 as of its most recent filing with the SEC. 1.85% of the stock is currently owned by institutional investors and hedge funds.

About X3

X3 Holdings Co Ltd. provides technology solutions and services worldwide. The company offers Global Trade Platform, a digital platform for trading partners, service providers, and government authorities. It also engages in bitcoin cryptomining operations, renewable energy projects, and agriculture technologies and trading.