MicroAlgo Inc. (NASDAQ:MLGO) Short Interest Update

MicroAlgo Inc. (NASDAQ:MLGO) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,210,000 shares, a growth of 456.3% from the December 15th total of 217,500 shares. Based on an average trading volume of 2,460,000 shares, the short-interest ratio is currently 0.5 days.

MicroAlgo Stock Down 5.9 %

Shares of NASDAQ MLGO traded down $0.12 during midday trading on Monday, hitting $1.93. The company had a trading volume of 1,744,356 shares, compared to its average volume of 4,278,404. The business has a 50-day simple moving average of $3.15 and a two-hundred day simple moving average of $22.12. MicroAlgo has a twelve month low of $1.66 and a twelve month high of $509.60.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MicroAlgo stock. Platform Technology Partners purchased a new position in shares of MicroAlgo Inc. (NASDAQ:MLGO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 100,000 shares of the company’s stock, valued at approximately $25,000. Platform Technology Partners owned approximately 1.94% of MicroAlgo as of its most recent filing with the Securities and Exchange Commission (SEC). 1.10% of the stock is currently owned by hedge funds and other institutional investors.

About MicroAlgo

MicroAlgo Inc develops and applies central processing algorithm solutions to customers in internet advertisement, gaming, and intelligent chip industries in the People’s Republic of China, Hong Kong, and internationally. The company operates through two segments, Central Processing Algorithm Services, and Intelligent Chips and Services.