WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Sees Significant Increase in Short Interest

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 7,220,000 shares, an increase of 57.0% from the January 15th total of 4,600,000 shares. Based on an average daily trading volume, of 7,550,000 shares, the short-interest ratio is currently 1.0 days.

WiMi Hologram Cloud Trading Up 6.3 %

Shares of NASDAQ:WIMI traded up $0.06 during mid-day trading on Friday, reaching $1.02. 3,152,983 shares of the company traded hands, compared to its average volume of 5,168,696. The company’s 50 day moving average price is $1.15 and its 200-day moving average price is $0.95. WiMi Hologram Cloud has a 52 week low of $0.63 and a 52 week high of $2.92.

Hedge Funds Weigh In On WiMi Hologram Cloud

A number of hedge funds have recently modified their holdings of the company. Garden State Investment Advisory Services LLC bought a new stake in shares of WiMi Hologram Cloud during the 3rd quarter valued at $178,000. SBI Securities Co. Ltd. bought a new stake in WiMi Hologram Cloud during the fourth quarter valued at about $190,000. Marshall Wace LLP purchased a new position in shares of WiMi Hologram Cloud in the fourth quarter valued at about $169,000. Stifel Financial Corp purchased a new position in shares of WiMi Hologram Cloud in the fourth quarter valued at about $142,000. Finally, Symmetry Peak Management LLC bought a new position in shares of WiMi Hologram Cloud in the third quarter worth about $76,000. 0.96% of the stock is currently owned by 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.