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

X3 Holdings Co Ltd. (NASDAQ:XTKG) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 7,700 shares, a drop of 88.1% from the August 31st total of 64,900 shares. Based on an average daily volume of 272,700 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On X3

An institutional investor recently bought a new position in X3 stock. Marshall Wace LLP purchased a new position in X3 Holdings Co Ltd. (NASDAQ:XTKG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 241,899 shares of the company’s stock, valued at approximately $126,000. Marshall Wace LLP owned 19.23% of X3 as of its most recent SEC filing. 1.85% of the stock is currently owned by hedge funds and other institutional investors.

X3 Stock Performance

Shares of NASDAQ:XTKG opened at $0.19 on Friday. The stock’s 50-day moving average is $0.32 and its 200 day moving average is $0.54. X3 has a 1 year low of $0.17 and a 1 year high of $1.64.

About X3

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.