Missfresh (NYSE:MF) Trading Down 0.7%

Missfresh Limited (NYSE:MFGet Free Report)’s stock price dropped 0.7% during trading on Tuesday . The stock traded as low as $0.85 and last traded at $0.88. Approximately 91,221 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 1,423,584 shares. The stock had previously closed at $0.89.

Missfresh Stock Up 18.2 %

The stock has a fifty day moving average of $0.97 and a 200 day moving average of $0.95.

Institutional Investors Weigh In On Missfresh

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HRT Financial LP boosted its position in shares of Missfresh by 395.9% in the fourth quarter. HRT Financial LP now owns 59,476 shares of the company’s stock worth $105,000 after purchasing an additional 47,482 shares during the period. Virtu Financial LLC increased its stake in Missfresh by 978.0% in the 2nd quarter. Virtu Financial LLC now owns 136,949 shares of the company’s stock worth $35,000 after buying an additional 124,245 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Missfresh in the first quarter valued at about $200,000. 2.09% of the stock is owned by hedge funds and other institutional investors.

Missfresh Company Profile

(Get Free Report)

Missfresh Limited engages in the digital marketing solutions and private label products retail business in China. The company operates a digital platform that offers fresh produce, such as fruits, vegetables, meat, eggs, seafood, and dairy products, as well as fast-moving consumer goods, including packaged food, beverages, cosmetics, and personal care products through online ecommerce platform and distributed micro-warehouse networks.

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