Short Interest in WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Declines By 16.4%

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 903,400 shares, a decline of 16.4% from the September 30th total of 1,080,000 shares. Based on an average daily trading volume, of 325,800 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in WiMi Hologram Cloud stock. Virtu Financial LLC purchased a new stake in WiMi Hologram Cloud Inc. (NASDAQ:WIMI) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 46,221 shares of the company’s stock, valued at approximately $42,000. Virtu Financial LLC owned about 0.05% of WiMi Hologram Cloud at the end of the most recent reporting period. 0.96% of the stock is owned by institutional investors.

WiMi Hologram Cloud Stock Down 1.1 %

NASDAQ WIMI opened at $0.88 on Wednesday. The firm’s fifty day moving average price is $0.87 and its 200 day moving average price is $0.86. WiMi Hologram Cloud has a 12 month low of $0.56 and a 12 month high of $1.87.

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.