Short Interest in WiMi Hologram Cloud Inc. (NASDAQ:WIMI) Rises By 57.0%

WiMi Hologram Cloud Inc. (NASDAQ:WIMI) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 7,220,000 shares, an increase of 57.0% from the January 15th total of 4,600,000 shares. Based on an average trading volume of 7,550,000 shares, the days-to-cover ratio is presently 1.0 days.

WiMi Hologram Cloud Stock Up 2.3 %

Shares of WiMi Hologram Cloud stock opened at $0.89 on Thursday. WiMi Hologram Cloud has a 12-month low of $0.63 and a 12-month high of $2.92. The stock’s fifty day moving average is $1.14 and its 200-day moving average is $0.94.

Hedge Funds Weigh In On WiMi Hologram Cloud

Institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC acquired a new position in shares of WiMi Hologram Cloud in the fourth quarter worth about $33,000. Private Advisor Group LLC purchased a new stake in shares of WiMi Hologram Cloud in the 4th quarter valued at approximately $54,000. Bravias Capital Group LLC purchased a new stake in shares of WiMi Hologram Cloud in the 4th quarter valued at approximately $61,000. Virtu Financial LLC boosted its stake in WiMi Hologram Cloud by 97.9% in the 3rd quarter. Virtu Financial LLC now owns 61,676 shares of the company’s stock worth $64,000 after purchasing an additional 30,512 shares during the period. Finally, Symmetry Peak Management LLC purchased a new position in WiMi Hologram Cloud during the 3rd quarter worth approximately $76,000. Hedge funds and other institutional investors own 0.96% of the company’s stock.

About WiMi Hologram Cloud

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.