Short Interest in Movella Holdings Inc. (NASDAQ:MVLAW) Rises By 10,050.0%

Movella Holdings Inc. (NASDAQ:MVLAW) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 20,300 shares, an increase of 10,050.0% from the February 29th total of 200 shares. Based on an average trading volume of 19,600 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MVLAW. Moore Capital Management LP bought a new position in Movella in the first quarter valued at about $29,000. Balyasny Asset Management L.P. bought a new stake in Movella during the 1st quarter worth approximately $43,000. Finally, Senator Investment Group LP acquired a new position in Movella in the 2nd quarter valued at approximately $320,000.

Movella Stock Performance

NASDAQ MVLAW opened at $0.01 on Friday. Movella has a 1 year low of $0.01 and a 1 year high of $0.25. The firm’s 50 day simple moving average is $0.02 and its 200 day simple moving average is $0.03.

About Movella

Movella Holdings Inc operates as a full-stack provider of integrated sensors, software, and analytics that enable the digitization of movement worldwide. The company offers Xsens motion capture hardware products, such as MVN Link, MVN Awinda, and MVN Awinda Starter; Xsens motion capture software products, including MVN Animate for entertainment applications and MVN Analyze for health and sports, and research, as well as cloud-based solutions to process and store data, and generate reports; MVN Processing to create motion capture media from a secure cloud-based platform; MVN Reports that presents kinematic data in a readable format; and Xsens Metaglove by Manus that uses high-fidelity finger tracking using sub-millimetre accurate fingertip tracking sensors.