MicroAlgo Inc. (NASDAQ:MLGO) Short Interest Update

MicroAlgo Inc. (NASDAQ:MLGO) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 217,500 shares, a decline of 96.9% from the November 30th total of 7,010,000 shares. Based on an average trading volume of 1,670,000 shares, the days-to-cover ratio is presently 0.1 days.

MicroAlgo Price Performance

NASDAQ:MLGO traded up $1.10 during trading hours on Thursday, hitting $2.85. 9,361,709 shares of the stock traded hands, compared to its average volume of 767,406. The firm has a 50 day moving average price of $3.73 and a 200 day moving average price of $36.29. MicroAlgo has a fifty-two week low of $1.66 and a fifty-two week high of $509.60.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MicroAlgo stock. Platform Technology Partners bought a new stake in MicroAlgo Inc. (NASDAQ:MLGO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $25,000. Platform Technology Partners owned 1.94% of MicroAlgo at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.10% of the company’s stock.

MicroAlgo Company Profile

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.