X3 Holdings Co Ltd. (NASDAQ:XTKG) Sees Significant Growth in Short Interest

X3 Holdings Co Ltd. (NASDAQ:XTKG) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 50,900 shares, a growth of 132.4% from the November 30th total of 21,900 shares. Based on an average daily volume of 144,800 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in X3 stock. Marshall Wace LLP acquired a new position in X3 Holdings Co Ltd. (NASDAQ:XTKG) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 241,899 shares of the company’s stock, valued at approximately $126,000. Marshall Wace LLP owned approximately 19.23% of X3 as of its most recent filing with the SEC. 1.85% of the stock is owned by hedge funds and other institutional investors.

X3 Price Performance

X3 stock opened at $0.88 on Friday. The stock’s 50 day moving average price is $1.98 and its 200 day moving average price is $5.49. X3 has a one year low of $0.66 and a one year high of $32.83.

X3 Company Profile

X3 Holdings Co Ltd. provides technology solutions and services worldwide. The company offers Global Trade Platform, a digital platform for trading partners, service providers, and government authorities. It also engages in bitcoin cryptomining operations, renewable energy projects, and agriculture technologies and trading.