Metalpha Technology Holding Limited (NASDAQ:MATH) Sees Large Decline in Short Interest

Metalpha Technology Holding Limited (NASDAQ:MATH) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 24,000 shares, a drop of 66.5% from the February 13th total of 71,700 shares. Based on an average trading volume of 171,200 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

Metalpha Technology Price Performance

Shares of MATH stock traded up $0.09 during trading hours on Friday, hitting $1.88. 74,290 shares of the company’s stock traded hands, compared to its average volume of 60,186. The stock’s 50 day simple moving average is $1.78 and its 200 day simple moving average is $1.34. Metalpha Technology has a 12 month low of $0.80 and a 12 month high of $2.78.

Metalpha Technology Company Profile

Metalpha Technology Holding Limited, together with its subsidiaries, provides wealth management services in Hong Kong. The company offers digital asset-based wealth management services, which include issuing traditional financial and cryptocurrency derivative products to over-the-counter clients, providing crypto derivative market making services, and proprietary trading of digital assets and crypto derivative products; and securities advising and asset management services.