WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Short Interest Down 32.0% in August

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totaling 369,500 shares, adeclineof32.0% from the July 31st total of 543,000 shares. Approximately5.5% of the company’s shares are sold short. Based on an average daily trading volume, of 390,100 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 390,100 shares, the days-to-cover ratio is presently 0.9 days. Approximately5.5% of the company’s shares are sold short.

WiMi Hologram Cloud Stock Up 2.3%

WIMI stock opened at $3.97 on Tuesday. The firm’s 50 day moving average price is $3.65 and its 200-day moving average price is $6.30. WiMi Hologram Cloud has a one year low of $2.24 and a one year high of $58.40.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WIMI. Stifel Financial Corp acquired a new position in WiMi Hologram Cloud in the fourth quarter valued at about $142,000. Cubist Systematic Strategies LLC acquired a new position in WiMi Hologram Cloud in the fourth quarter valued at about $91,000. Two Sigma Investments LP acquired a new position in WiMi Hologram Cloud in the fourth quarter valued at about $45,000. Finally, Jump Financial LLC acquired a new position in WiMi Hologram Cloud in the second quarter valued at about $109,000. Institutional investors and hedge funds own 0.96% of the company’s stock.

About WiMi Hologram Cloud

WiMi Hologram Cloud Inc provides augmented reality (AR) based holographic services and products in China. It operates in three segments: AR Advertising Services, AR Entertainment, and Semiconductor Related Products and Services. The company primarily offers holographic AR advertising services and holographic AR entertainment products.