WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Short Interest Update

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 3,390,000 shares, a drop of 25.8% from the February 28th total of 4,570,000 shares. Approximately 6.1% of the shares of the company are sold short. Based on an average daily volume of 9,080,000 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On WiMi Hologram Cloud

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

WiMi Hologram Cloud Stock Performance

WIMI opened at $0.90 on Monday. The business has a fifty day simple moving average of $0.87 and a 200 day simple moving average of $0.96. WiMi Hologram Cloud has a 1 year low of $0.63 and a 1 year high of $2.92.

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.