X3 Holdings Co Ltd. (NASDAQ:XTKG) Sees Large Increase in Short Interest

X3 Holdings Co Ltd. (NASDAQ:XTKG) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 50,900 shares, a growth of 132.4% from the November 30th total of 21,900 shares. Based on an average daily volume of 144,800 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On X3

An institutional investor recently bought a new position in X3 stock. Marshall Wace LLP bought a new position in shares of X3 Holdings Co Ltd. (NASDAQ:XTKG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 241,899 shares of the company’s stock, valued at approximately $126,000. Marshall Wace LLP owned about 19.23% of X3 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.85% of the company’s stock.

X3 Price Performance

XTKG stock opened at $0.88 on Friday. The company’s 50-day simple moving average is $1.98 and its 200-day simple moving average is $5.49. X3 has a 52-week low of $0.66 and a 52-week high of $32.83.

X3 Company Profile

X3 Holdings Co Ltd. provides technology solutions and services worldwide. The company offers Global Trade Platform, a digital platform for trading partners, service providers, and government authorities. It also engages in bitcoin cryptomining operations, renewable energy projects, and agriculture technologies and trading.