MDJM (NASDAQ:MDJH) Shares Down 7.8% – Here’s What Happened

MDJM Ltd (NASDAQ:MDJH)’s share price was down 7.8% on Thursday . The stock traded as low as $0.15 and last traded at $0.15. Approximately 873,557 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 14,497,419 shares. The stock had previously closed at $0.17.

MDJM Price Performance

The company’s 50 day simple moving average is $0.39 and its two-hundred day simple moving average is $0.88.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MDJM stock. Anson Funds Management LP purchased a new position in shares of MDJM Ltd (NASDAQ:MDJH) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 305,556 shares of the company’s stock, valued at approximately $214,000. Anson Funds Management LP owned 1.96% of MDJM at the end of the most recent quarter.

About MDJM

MDJM Ltd, through its subsidiaries and variable interest entity, operates as an integrated real estate services company in the People's Republic of China. It offers real estate agency services to real estate developers; and real estate consulting services, such as consulting, marketing strategy planning and strategy, and advertising services and sales strategies.