Short Interest in MicroAlgo Inc. (NASDAQ:MLGO) Declines By 21.9%

by · The Cerbat Gem

MicroAlgo Inc. (NASDAQ:MLGO – Get Free Report) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 776,200 shares, a drop of 21.9% from the September 15th total of 993,400 shares. Based on an average trading volume of 26,240,000 shares, the days-to-cover ratio is presently 0.0 days.

MicroAlgo Trading Down 9.0 %

NASDAQ MLGO traded down $0.03 during trading hours on Tuesday, reaching $0.34. 39,216,711 shares of the company’s stock traded hands, compared to its average volume of 13,310,337. MicroAlgo has a 52-week low of $0.19 and a 52-week high of $156.00. The firm has a 50-day simple moving average of $0.40 and a 200 day simple moving average of $2.78.

About MicroAlgo

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MicroAlgo Inc develops and applies central processing algorithm solutions to customers in internet advertisement, gaming, and intelligent chip industries in the People’s Republic of China, Hong Kong, and internationally. The company operates through two segments, Central Processing Algorithm Services, and Intelligent Chips and Services.

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