MicroAlgo Inc. (NASDAQ:MLGO) Short Interest Update

MicroAlgo Inc. (NASDAQ:MLGO) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 3,700,000 shares, an increase of 279.5% from the February 13th total of 974,900 shares. Based on an average daily volume of 14,510,000 shares, the short-interest ratio is presently 0.3 days. Currently, 1,859.3% of the shares of the company are sold short.

MicroAlgo Stock Down 0.8 %

MLGO opened at $3.93 on Thursday. The company has a 50 day moving average of $2.47 and a 200 day moving average of $3.93. MicroAlgo has a 12 month low of $1.11 and a 12 month high of $509.60.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in MicroAlgo during the fourth quarter worth about $93,000. Jane Street Group LLC lifted its stake in MicroAlgo by 117.3% during the fourth quarter. Jane Street Group LLC now owns 25,495 shares of the company’s stock worth $96,000 after purchasing an additional 13,765 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in MicroAlgo in the fourth quarter worth approximately $319,000. Finally, Platform Technology Partners bought a new position in MicroAlgo during the 3rd quarter worth approximately $25,000. Institutional investors own 1.10% of the company’s stock.

About MicroAlgo

MicroAlgo Inc develops and applies central processing algorithm solutions to customers in internet advertisement, gaming, and intelligent chip industries in the People’s Republic of China, Hong Kong, and internationally. The company operates through two segments, Central Processing Algorithm Services, and Intelligent Chips and Services.