Renaissance Technologies LLC recently announced the acquisition of new stake in Oriental Culture Holding LTD (NASDAQ:OCG). The institutional investor has increased its shareholding in the Consumer Cyclical company by 81.62% to 0.25 million shares with purchase of 0.11 million shares. This fresh investment now brings its stake to 1.16% valued currently at $0.12 million. In addition, Citadel Securities LLC raised its holdings by 0.14 million to 0.17 million shares.
With over 73226.0 Oriental Culture Holding LTD (OCG) shares trading Tuesday and a closing price of $0.71 on the day, the dollar volume was approximately $51990.46. The shares have shown a negative half year performance of -71.14% and its price on 01/24/23 gained nearly 2.88%. Currently, there are 21.05M common shares owned by the public and among those 15.10M shares have been available to trade.
Fidelity Nasdaq Composite Index F owns 19230.0 shares of the company’s stock, all valued at over $9634.0.
Shares of Oriental Culture Holding LTD (NASDAQ: OCG) opened at $0.68, down -$0.01 from a prior closing price of $0.69. However, the script later moved the day high at 0.7100, up 2.88%. The company’s stock has a 5-day price change of -7.79% and -1.38% over the past three months. OCG shares are trading 41.63% year to date (YTD), with the 12-month market performance down to -86.42% lower. It has a 12-month low price of $0.45 and touched a high of $5.49 over the same period. OCG has an average intraday trading volume of 45.01K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 16.24%, 13.68%, and -62.77% respectively.
Institutional ownership of Oriental Culture Holding LTD (NASDAQ: OCG) shares accounts for 10.00% of the company’s 21.05M shares outstanding. Mutual fund holders own 0.09%, while other institutional holders and individual stakeholders account for 3.33% and — respectively.
It has a market capitalization of $15.93M. The stock’s trailing 12-month PE ratio is 2.13, while the earnings-per-share (ttm) stands at $0.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.44% over the week and 14.66% over the month.