Short Interest in MicroCloud Hologram Inc. (NASDAQ:HOLO) Rises By 17.9%

MicroCloud Hologram Inc. (NASDAQ:HOLO) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 9,370,000 shares, an increase of 17.9% from the February 13th total of 7,950,000 shares. Based on an average trading volume of 31,470,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 45.8% of the company’s shares are sold short.

MicroCloud Hologram Price Performance

HOLO stock opened at $0.76 on Friday. The business has a fifty day moving average of $1.35 and a two-hundred day moving average of $2.90. MicroCloud Hologram has a 52-week low of $0.73 and a 52-week high of $105.60.

Institutional Investors Weigh In On MicroCloud Hologram

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in MicroCloud Hologram during the fourth quarter worth $53,000. Bravias Capital Group LLC acquired a new stake in shares of MicroCloud Hologram in the fourth quarter valued at $162,000. SBI Securities Co. Ltd. acquired a new stake in shares of MicroCloud Hologram in the fourth quarter valued at $232,000. XTX Topco Ltd grew its stake in shares of MicroCloud Hologram by 1,488.2% in the third quarter. XTX Topco Ltd now owns 174,637 shares of the company’s stock valued at $63,000 after buying an additional 163,641 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in shares of MicroCloud Hologram by 336.3% in the third quarter. Jane Street Group LLC now owns 422,656 shares of the company’s stock valued at $152,000 after buying an additional 325,785 shares in the last quarter. Institutional investors and hedge funds own 2.13% of the company’s stock.

About MicroCloud Hologram

MicroCloud Hologram Inc provides holographic technology services worldwide. It operates in two segments, Holographic Solutions and Holographic Technology Service. Its services include holographic light detection and ranging (LiDAR) solutions based on holographic technology, holographic LiDAR point cloud algorithms architecture design, technical holographic imaging solutions, holographic LiDAR sensor chip design, and holographic vehicle intelligent vision technology to service customers that provide holographic advanced driver assistance systems.