Mercurity Fintech Holding Inc. (NASDAQ:MFH – Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 489,000 shares, a drop of 14.7% from the January 31st total of 573,500 shares. Based on an average daily volume of 143,400 shares, the days-to-cover ratio is presently 3.4 days.
Mercurity Fintech Stock Down 4.8 %
Shares of MFH opened at $5.17 on Wednesday. Mercurity Fintech has a fifty-two week low of $1.03 and a fifty-two week high of $8.86. The firm’s 50 day moving average price is $6.74 and its 200 day moving average price is $4.28.
Institutional Trading of Mercurity Fintech
A number of large investors have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd purchased a new position in Mercurity Fintech in the fourth quarter valued at $83,000. Cubist Systematic Strategies LLC acquired a new stake in Mercurity Fintech in the 4th quarter valued at about $108,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Mercurity Fintech in the 4th quarter valued at about $136,000. Balyasny Asset Management L.P. acquired a new position in shares of Mercurity Fintech during the fourth quarter worth about $174,000. Finally, Geode Capital Management LLC raised its holdings in Mercurity Fintech by 16.3% in the fourth quarter. Geode Capital Management LLC now owns 29,969 shares of the company’s stock valued at $205,000 after acquiring an additional 4,201 shares in the last quarter. Hedge funds and other institutional investors own 30.82% of the company’s stock.
About Mercurity Fintech
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.
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