MultiMetaVerse Holdings Limited (NASDAQ:MMV) Short Interest Update

MultiMetaVerse Holdings Limited (NASDAQ:MMV) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 909,500 shares, a growth of 555.3% from the October 31st total of 138,800 shares. Currently, 12.9% of the company’s stock are sold short. Based on an average trading volume of 352,700 shares, the short-interest ratio is presently 2.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MultiMetaVerse stock. Renaissance Technologies LLC purchased a new position in shares of MultiMetaVerse Holdings Limited (NASDAQ:MMV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,100 shares of the company’s stock, valued at approximately $25,000. Renaissance Technologies LLC owned approximately 0.13% of MultiMetaVerse at the end of the most recent quarter.

MultiMetaVerse Stock Performance

NASDAQ MMV traded down $0.02 during mid-day trading on Friday, hitting $0.45. The company’s stock had a trading volume of 18,764 shares, compared to its average volume of 811,551. The company’s 50 day simple moving average is $0.44 and its 200 day simple moving average is $0.55. MultiMetaVerse has a twelve month low of $0.32 and a twelve month high of $2.05.

About MultiMetaVerse

MultiMetaVerse Holdings Limited operates as an animation and entertainment company in the People’s Republic of China. The company offers a product portfolio, including animated content, comic books, short videos, collectibles, stationery, consumer products, and mobile games under the Aotu World brand, as well as action figures, stuffed dolls, apparel, costumes, trading cards, and other collectible functional items.