Short Interest in Metalpha Technology Holding Limited (NASDAQ:MATH) Declines By 91.2%

Metalpha Technology Holding Limited (NASDAQ:MATH) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 500 shares, a drop of 91.2% from the June 30th total of 5,700 shares. Based on an average daily trading volume, of 14,100 shares, the short-interest ratio is presently 0.0 days.

Metalpha Technology Price Performance

Shares of NASDAQ:MATH remained flat at $1.28 during midday trading on Thursday. The stock had a trading volume of 139 shares, compared to its average volume of 10,854. Metalpha Technology has a 1-year low of $1.10 and a 1-year high of $2.27. The business has a 50 day moving average of $1.38 and a two-hundred day moving average of $1.49.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Metalpha Technology stock. Apollon Wealth Management LLC purchased a new position in Metalpha Technology Holding Limited (NASDAQ:MATH) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 13,164 shares of the company’s stock, valued at approximately $29,000. Apollon Wealth Management LLC owned about 0.06% of Metalpha Technology as of its most recent SEC filing. Hedge funds and other institutional investors own 30.53% of the company’s stock.

About Metalpha Technology

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services.