Oriental Culture (NYSE:OCG) Trading Down 11.7%

Oriental Culture Holding LTD (NYSE:OCG) shares dropped 11.7% during trading on Tuesday . The stock traded as low as $1.02 and last traded at $1.06. Approximately 4,802 shares traded hands during trading, a decline of 92% from the average daily volume of 62,033 shares. The stock had previously closed at $1.20.

Oriental Culture Stock Performance

The firm has a 50-day moving average price of $1.54 and a 200 day moving average price of $1.47.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in Oriental Culture by 81.6% in the third quarter. Renaissance Technologies LLC now owns 246,099 shares of the company’s stock valued at $209,000 after purchasing an additional 110,599 shares during the period. Citadel Advisors LLC boosted its holdings in Oriental Culture by 395.9% in the third quarter. Citadel Advisors LLC now owns 171,553 shares of the company’s stock valued at $146,000 after purchasing an additional 136,962 shares during the period. Finally, Virtu Financial LLC purchased a new position in Oriental Culture in the first quarter valued at $229,000. 1.58% of the stock is currently owned by hedge funds and other institutional investors.

About Oriental Culture

Oriental Culture Holding LTD, through its subsidiaries, operates an online platform to facilitate e-commerce trading of artwork and collectables in China and Hong Kong. The company facilitates trading by individual and institutional customers of various collectibles, artworks, and commodities on its online platforms.