Nature’s Miracle Holding Inc. (NASDAQ:NMHI) Sees Significant Decline in Short Interest

Nature’s Miracle Holding Inc. (NASDAQ:NMHI) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 154,900 shares, a decline of 27.2% from the October 15th total of 212,900 shares. Based on an average daily trading volume, of 11,720,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Nature’s Miracle

A hedge fund recently bought a new stake in Nature’s Miracle stock. MMCAP International Inc. SPC acquired a new position in Nature’s Miracle Holding Inc. (NASDAQ:NMHI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 45,000 shares of the company’s stock, valued at approximately $42,000. MMCAP International Inc. SPC owned about 0.17% of Nature’s Miracle at the end of the most recent quarter. Institutional investors and hedge funds own 94.56% of the company’s stock.

Nature’s Miracle Stock Performance

Nature’s Miracle stock traded down $0.03 during midday trading on Thursday, reaching $0.11. 30,180,855 shares of the stock were exchanged, compared to its average volume of 12,753,497. The company’s fifty day moving average is $0.15 and its 200-day moving average is $0.37. Nature’s Miracle has a 52 week low of $0.08 and a 52 week high of $3.04.

Nature’s Miracle (NASDAQ:NMHI) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($0.07) EPS for the quarter. The business had revenue of $3.41 million during the quarter.

About Nature’s Miracle

Nature’s Miracle Holding Inc, an agriculture technology company, provides lighting and grow media products to growers in the controlled environment agriculture industry in the United States and Canada. The company offers LED fixtures; high pressure sodium and ceramic metal halide fixtures; and electronic ballasts and control boxes.