Short Interest in Mercurity Fintech Holding Inc. (NASDAQ:MFH) Decreases By 16.9%

Mercurity Fintech Holding Inc. (NASDAQ:MFH – Get Rating) was the target of a large drop in short interest in February. As of February 15th, there was short interest totalling 305,600 shares, a drop of 16.9% from the January 31st total of 367,800 shares. Based on an average daily volume of 183,900 shares, the days-to-cover ratio is currently 1.7 days.

Mercurity Fintech stock opened at $2.60 on Thursday. The firm’s fifty day simple moving average is $2.87. Mercurity Fintech has a 1-year low of $2.11 and a 1-year high of $11.16.

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Mercurity Fintech (NASDAQ:MFH – Get Rating) last announced its earnings results on Thursday, December 30th. The company reported $0.66 EPS for the quarter.

Institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new stake in Mercurity Fintech in the 3rd quarter worth $404,000. Renaissance Technologies LLC acquired a new stake in Mercurity Fintech in the 2nd quarter worth $403,000. Virtu Financial LLC acquired a new stake in Mercurity Fintech in the 2nd quarter worth $210,000. Citadel Advisors LLC grew its position in Mercurity Fintech by 259.1% in the 2nd quarter. Citadel Advisors LLC now owns 36,243 shares of the company’s stock worth $186,000 after purchasing an additional 26,151 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Mercurity Fintech in the 2nd quarter worth $103,000. Hedge funds and other institutional investors own 17.68% of the company’s stock.

Mercurity Fintech Company Profile (Get Rating)

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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