MMTec, Inc. (NASDAQ:MTC – Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,920,000 shares, an increase of 61.3% from the September 15th total of 1,190,000 shares. Based on an average daily volume of 4,550,000 shares, the short-interest ratio is presently 0.4 days.
MMTec Price Performance
NASDAQ:MTC traded up $0.03 during trading hours on Friday, hitting $0.43. 2,793,605 shares of the stock were exchanged, compared to its average volume of 4,195,291. The firm’s fifty day moving average price is $0.33 and its 200 day moving average price is $1.04. MMTec has a 52-week low of $0.24 and a 52-week high of $12.90.
Hedge Funds Weigh In On MMTec
An institutional investor recently bought a new position in MMTec stock. Virtu Financial LLC bought a new stake in MMTec, Inc. (NASDAQ:MTC – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,654 shares of the company’s stock, valued at approximately $27,000. 0.25% of the stock is currently owned by institutional investors and hedge funds.
MMTec Company Profile
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.
Featured Articles
- Five stocks we like better than MMTec
- How to Evaluate a Stock Before Buying
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
- Using the MarketBeat Dividend Tax Calculator
- China’s EV Rally: Should Investors Chase, Avoid, or Buy the Dip?
- Stock Market Sectors: What Are They and How Many Are There?
- MarketBeat Week in Review – 10/7 – 10/11
Receive News & Ratings for MMTec Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MMTec and related companies with MarketBeat.com's FREE daily email newsletter.
