WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Sees Large Decline in Short Interest

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 3,390,000 shares, a decline of 25.8% from the February 28th total of 4,570,000 shares. Approximately 6.1% of the company’s stock are short sold. Based on an average daily volume of 9,080,000 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of WiMi Hologram Cloud

A number of large investors have recently modified their holdings of the stock. Garden State Investment Advisory Services LLC acquired a new position in WiMi Hologram Cloud during the 3rd quarter worth $178,000. SBI Securities Co. Ltd. purchased a new position in shares of WiMi Hologram Cloud in the 4th quarter valued at about $190,000. Marshall Wace LLP purchased a new position in shares of WiMi Hologram Cloud in the 4th quarter valued at about $169,000. Stifel Financial Corp acquired a new position in shares of WiMi Hologram Cloud during the fourth quarter worth about $142,000. Finally, Symmetry Peak Management LLC purchased a new stake in shares of WiMi Hologram Cloud during the third quarter worth approximately $76,000. Hedge funds and other institutional investors own 0.96% of the company’s stock.

WiMi Hologram Cloud Stock Up 8.1 %

Shares of WIMI opened at $0.97 on Tuesday. WiMi Hologram Cloud has a fifty-two week low of $0.63 and a fifty-two week high of $2.92. The firm’s 50 day moving average price is $0.87 and its 200 day moving average price is $0.96.

WiMi Hologram Cloud Company Profile

WiMi Hologram Cloud Inc provides augmented reality (AR) based holographic services and products in China. It operates in three segments: AR Advertising Services, AR Entertainment, and Semiconductor Related Products and Services. The company primarily offers holographic AR advertising services and holographic AR entertainment products.