MDJM Ltd (NASDAQ:MDJH) Sees Significant Increase in Short Interest

MDJM Ltd (NASDAQ:MDJH) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 3,900 shares, a growth of 333.3% from the September 15th total of 900 shares. Based on an average daily volume of 46,500 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are sold short.

Several hedge funds have recently added to or reduced their stakes in MDJH. Renaissance Technologies LLC purchased a new stake in MDJM during the 1st quarter worth about $72,000. Virtu Financial LLC bought a new position in MDJM during the 2nd quarter worth approximately $116,000. Finally, Citadel Advisors LLC bought a new stake in shares of MDJM in the 1st quarter worth approximately $92,000. 0.46% of the stock is currently owned by institutional investors.

MDJM stock traded down $0.18 during mid-day trading on Thursday, reaching $4.16. The company had a trading volume of 880 shares, compared to its average volume of 7,443. The business has a fifty day simple moving average of $4.65 and a 200 day simple moving average of $5.19. MDJM has a fifty-two week low of $3.18 and a fifty-two week high of $8.60.

About MDJM

Mdjm Ltd. is a holding company. Through Tianjin Mingda Jiahe Real Estate Co Ltd., it provides real estate agency services. Its services include real estate consulting services,and independent training. The company was founded on January 26, 2018 and is headquartered in Tianjin, China.

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