Mercurity Fintech Holding Inc. (NASDAQ:MFH) Sees Significant Drop in Short Interest

Mercurity Fintech Holding Inc. (NASDAQ:MFH) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 658,800 shares, a drop of 14.3% from the November 30th total of 768,700 shares. Based on an average daily volume of 353,000 shares, the days-to-cover ratio is presently 1.9 days.

Mercurity Fintech Price Performance

Shares of NASDAQ:MFH opened at $6.78 on Friday. The business’s 50 day moving average is $4.43 and its 200 day moving average is $2.61. Mercurity Fintech has a 52-week low of $1.03 and a 52-week high of $8.07.

Mercurity Fintech Company Profile

Mercurity Fintech Holding Inc operates as a fintech company powered by blockchain. The company provides digital asset trading infrastructure solutions based on internet and blockchain technologies for cryptocurrency traders; and asset digitalization platform, which offers blockchain-based digitalization solutions for traditional assets, such as fiat currencies, bonds, and precious metals.