Mercurity Fintech Holding Inc. (NASDAQ:MFH) Sees Large Decline in Short Interest

Mercurity Fintech Holding Inc. (NASDAQ:MFH) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 658,800 shares, a drop of 14.3% from the November 30th total of 768,700 shares. Based on an average trading volume of 353,000 shares, the short-interest ratio is currently 1.9 days.

Mercurity Fintech Stock Performance

NASDAQ:MFH opened at $6.78 on Monday. The business has a 50 day simple moving average of $4.43 and a 200 day simple moving average of $2.62. Mercurity Fintech has a 12-month low of $1.03 and a 12-month high of $8.07.

About Mercurity Fintech

Mercurity Fintech Holding Inc operates as a fintech company powered by blockchain. The company provides digital asset trading infrastructure solutions based on internet and blockchain technologies for cryptocurrency traders; and asset digitalization platform, which offers blockchain-based digitalization solutions for traditional assets, such as fiat currencies, bonds, and precious metals.