BlueCity Holdings Limited (NASDAQ:BLCT – Get Rating) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 144,000 shares, a decline of 21.5% from the May 31st total of 183,400 shares. Based on an average daily volume of 88,200 shares, the days-to-cover ratio is currently 1.6 days.
An institutional investor recently bought a new position in BlueCity stock. Renaissance Technologies LLC bought a new stake in BlueCity Holdings Limited (NASDAQ:BLCT – Get Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,200 shares of the company’s stock, valued at approximately $31,000. Renaissance Technologies LLC owned 0.06% of BlueCity as of its most recent SEC filing. 20.69% of the stock is owned by institutional investors.
Shares of BlueCity stock traded up $0.01 during trading on Monday, hitting $1.49. The company’s stock had a trading volume of 7,280 shares, compared to its average volume of 276,962. BlueCity has a 52 week low of $1.08 and a 52 week high of $7.65. The stock has a 50-day moving average price of $1.33 and a two-hundred day moving average price of $1.39.
BlueCity Holdings Limited operates a platform for LGBTQ community primarily under BlueCity brand in the People's Republic of China, India, South Korea, Thailand, and Vietnam. The company operates Blued, Finka, and LESDO mobile applications that offer mobile-based social and entertainment services, including live streaming, advertising, membership, merchandise sales, and other services.
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