MultiMetaVerse Holdings Limited (NASDAQ:MMV) Short Interest Up 555.3% in November

MultiMetaVerse Holdings Limited (NASDAQ:MMV) saw a significant increase in short interest in 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 currently 2.6 days. Currently, 12.9% of the shares of the company are short sold.

MultiMetaVerse Stock Performance

Shares of MMV traded down $0.00 on Wednesday, reaching $0.47. The company’s stock had a trading volume of 104,985 shares, compared to its average volume of 814,996. MultiMetaVerse has a 12-month low of $0.32 and a 12-month high of $2.05. The stock’s 50 day simple moving average is $0.44 and its two-hundred day simple moving average is $0.55.

Institutional Investors Weigh In On MultiMetaVerse

An institutional investor recently bought a new position in MultiMetaVerse stock. Renaissance Technologies LLC bought a new position in shares of MultiMetaVerse Holdings Limited (NASDAQ:MMV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 42,100 shares of the company’s stock, valued at approximately $25,000. Renaissance Technologies LLC owned approximately 0.13% of MultiMetaVerse at the end of the most recent quarter.

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.