Short Interest in Metalpha Technology Holding Limited (NASDAQ:MATH) Decreases By 91.0%

Metalpha Technology Holding Limited (NASDAQ:MATH) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 1,200 shares, a decline of 91.0% from the April 30th total of 13,400 shares. Based on an average daily volume of 22,600 shares, the short-interest ratio is presently 0.1 days.

Metalpha Technology Stock Performance

NASDAQ:MATH traded up $0.07 during mid-day trading on Tuesday, hitting $1.49. 71,504 shares of the stock traded hands, compared to its average volume of 28,463. Metalpha Technology has a 52 week low of $0.91 and a 52 week high of $2.27. The firm’s 50 day moving average is $1.49 and its two-hundred day moving average is $1.56.

Institutional Trading of Metalpha Technology

A hedge fund recently bought a new stake in Metalpha Technology stock. Apollon Wealth Management LLC acquired a new stake in shares of Metalpha Technology Holding Limited (NASDAQ:MATH) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 13,164 shares of the company’s stock, valued at approximately $29,000. Apollon Wealth Management LLC owned approximately 0.06% of Metalpha Technology as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 30.53% of the company’s stock.

About Metalpha Technology

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.