Short Interest in MultiMetaVerse Holdings Limited (NASDAQ:MMV) Expands By 555.3%

MultiMetaVerse Holdings Limited (NASDAQ:MMV) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 909,500 shares, an increase of 555.3% from the October 31st total of 138,800 shares. Based on an average trading volume of 352,700 shares, the days-to-cover ratio is presently 2.6 days. Approximately 12.9% of the shares of the company are short sold.

MultiMetaVerse Trading Down 3.7 %

NASDAQ:MMV traded down $0.02 during mid-day trading on Friday, hitting $0.45. The stock had a trading volume of 18,764 shares, compared to its average volume of 811,551. The company’s 50 day simple moving average is $0.44 and its 200 day simple moving average is $0.55. MultiMetaVerse has a twelve month low of $0.32 and a twelve month high of $2.05.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MultiMetaVerse stock. Renaissance Technologies LLC purchased a new stake in MultiMetaVerse Holdings Limited (NASDAQ:MMV) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 42,100 shares of the company’s stock, valued at approximately $25,000. Renaissance Technologies LLC owned 0.13% of MultiMetaVerse as of its most recent SEC filing.

About MultiMetaVerse

MultiMetaVerse Holdings Limited operates as an animation and entertainment company in the People’s Republic of China. The company offers a product portfolio, including animated content, comic books, short videos, collectibles, stationery, consumer products, and mobile games under the Aotu World brand, as well as action figures, stuffed dolls, apparel, costumes, trading cards, and other collectible functional items.