Mercurity Fintech Holding Inc. (NASDAQ:MFH) Short Interest Update

Mercurity Fintech Holding Inc. (NASDAQ:MFH) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 182,000 shares, a decline of 28.3% from the August 15th total of 253,800 shares. Based on an average daily volume of 280,900 shares, the days-to-cover ratio is presently 0.6 days.

Institutional investors have recently modified their holdings of the business. Citadel Advisors LLC purchased a new stake in shares of Mercurity Fintech in the 1st quarter worth about $68,000. Marshall Wace LLP purchased a new stake in shares of Mercurity Fintech in the 2nd quarter worth about $57,000. Paloma Partners Management Co purchased a new stake in shares of Mercurity Fintech in the 1st quarter worth about $101,000. Susquehanna International Group LLP purchased a new stake in shares of Mercurity Fintech in the 2nd quarter worth about $103,000. Finally, HRT Financial LP purchased a new stake in shares of Mercurity Fintech in the 1st quarter worth about $198,000. 1.86% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Mercurity Fintech stock opened at $2.61 on Friday. The company’s fifty day simple moving average is $3.38 and its two-hundred day simple moving average is $5.24. Mercurity Fintech has a 12-month low of $2.01 and a 12-month high of $13.14.

Mercurity Fintech Company Profile

Mercurity Fintech Holding, Inc engages in the provision of instant payment network platform. It designs, develops, creates, tests, installs, configures, integrates, and customizes fully operational software using blockchain technologies. The company was founded by Mao Dong Xu on July 13, 2011 and is headquartered in Beijing, China.

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