MMTec, Inc. (NASDAQ:MTC – Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 1,190,000 shares, an increase of 24.2% from the July 15th total of 958,300 shares. Based on an average trading volume of 6,070,000 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Trading of MMTec
A hedge fund recently bought a new stake in MMTec stock. Virtu Financial LLC bought a new stake in shares of MMTec, Inc. (NASDAQ:MTC – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,654 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds own 0.25% of the company’s stock.
MMTec Stock Performance
Shares of NASDAQ MTC remained flat at $0.26 during midday trading on Thursday. 541,294 shares of the stock were exchanged, compared to its average volume of 3,505,878. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.52 and a quick ratio of 1.52. MMTec has a 1-year low of $0.24 and a 1-year high of $12.90. The stock’s 50-day simple moving average is $0.36 and its 200 day simple moving average is $1.44.
About MMTec
MMTec, Inc, together with its subsidiaries, develops and deploys platforms that enable financial institutions to engage in securities market transactions and settlements worldwide. The company operates in two segments, Gujia and MM Global. It offers Internet-based securities solutions comprising Securities Dealers Trading System, which supports securities registration and clearing, account management, risk management, trading and execution, and third party access middleware; Private Fund Investment Management System that supports multi-account management, fund valuation, risk management, quantitative trading access, liquidation, and requisition management; and Mobile Transaction Individual Client System and PC Client System for Apple IOS, Android, PC, and Web applications.
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