SAI.TECH Global (NASDAQ:SAI) Stock Price Down 31.4%

SAI.TECH Global Co. (NASDAQ:SAI – Get Rating)’s share price dropped 31.4% during mid-day trading on Friday . The stock traded as low as $1.00 and last traded at $1.07. Approximately 97,689 shares changed hands during trading, an increase of 160% from the average daily volume of 37,507 shares. The stock had previously closed at $1.56.

SAI.TECH Global Stock Performance

The company has a 50-day moving average of $2.54 and a 200-day moving average of $3.86.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SAI.TECH Global stock. Jane Street Group LLC acquired a new position in shares of SAI.TECH Global Co. (NASDAQ:SAI – Get Rating) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 31,592 shares of the company’s stock, valued at approximately $127,000. Jane Street Group LLC owned about 0.14% of SAI.TECH Global at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.11% of the company’s stock.

About SAI.TECH Global

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SAI.TECH Global Corporation operates as an energy-saving Bitcoin mining operator and a clean-tech company that integrates the bitcoin mining, power, and heating industries worldwide. The company provides a suite of specialized services, including mining machines purchase, hosting, mining pool, and energy-saving technologies and solutions to digital asset mining customers.