Mercurity Fintech (NASDAQ:MFH) Trading Down 5.6% – Should You Sell?

Mercurity Fintech Holding Inc. (NASDAQ:MFH)’s share price dropped 5.6% on Monday . The stock traded as low as $5.22 and last traded at $5.43. Approximately 37,977 shares were traded during trading, a decline of 71% from the average daily volume of 132,227 shares. The stock had previously closed at $5.75.

Mercurity Fintech Stock Performance

The company’s 50 day simple moving average is $6.76 and its two-hundred day simple moving average is $4.25.

Institutional Trading of Mercurity Fintech

Several large investors have recently added to or reduced their stakes in the company. Millennium Management LLC bought a new stake in shares of Mercurity Fintech during the fourth quarter valued at approximately $706,000. 683 Capital Management LLC acquired a new position in Mercurity Fintech in the fourth quarter valued at approximately $423,000. Schonfeld Strategic Advisors LLC acquired a new position in Mercurity Fintech in the fourth quarter valued at approximately $420,000. Balyasny Asset Management L.P. acquired a new position in Mercurity Fintech in the fourth quarter valued at approximately $174,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Mercurity Fintech in the fourth quarter valued at approximately $136,000. 30.82% of the stock is owned by institutional investors.

Mercurity Fintech Company Profile

Mercurity Fintech Holding Inc operates as a fintech company powered by blockchain. The company provides digital asset trading infrastructure solutions based on internet and blockchain technologies for cryptocurrency traders; and asset digitalization platform, which offers blockchain-based digitalization solutions for traditional assets, such as fiat currencies, bonds, and precious metals.