WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Sees Large Decline in Short Interest

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 1,900,000 shares, a decrease of 37.1% from the March 31st total of 3,020,000 shares. Based on an average daily trading volume, of 3,580,000 shares, the short-interest ratio is presently 0.5 days.

WiMi Hologram Cloud Stock Performance

Shares of NASDAQ WIMI opened at $1.03 on Friday. The firm’s 50 day moving average price is $0.97 and its 200 day moving average price is $0.80. WiMi Hologram Cloud has a 1 year low of $0.56 and a 1 year high of $1.87.

Institutional Investors Weigh In On WiMi Hologram Cloud

An institutional investor recently raised its position in WiMi Hologram Cloud stock. Vontobel Holding Ltd. boosted its holdings in WiMi Hologram Cloud Inc. (NASDAQ:WIMI) by 32.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 64,099 shares of the company’s stock after buying an additional 15,808 shares during the period. Vontobel Holding Ltd. owned 0.07% of WiMi Hologram Cloud worth $52,000 at the end of the most recent reporting period. 0.96% of the stock is currently owned by hedge funds and other institutional investors.

WiMi Hologram Cloud Company Profile

WiMi Hologram Cloud Inc provides augmented reality (AR) based holographic services and products in China. It operates in three segments: AR Advertising Services, AR Entertainment, and Semiconductor Related Products and Services. The company primarily offers holographic AR advertising services and holographic AR entertainment products.