WIMI Shares Slide as Call Buyers Vanish

WiMi Hologram Cloud fell 11% this week while short interest edged lower and options traders shifted sharply toward puts. The stock closed at $1.76, up 5% from a month ago but down double digits over the past week.

Price action & positioning

WIMI closed at $1.76 on April 24, down 1.1% on the day. The stock shed 11.1% over the past week. Month-to-date the shares remain up 4.8%, suggesting recent weakness follows a brief rally.

Short interest & lending

Short interest stands at 346,000 shares as of April 23, representing 2.9% of the free float. That's down 22.6% from a month ago. The metric has been drifting lower since late March when it sat near 447,000 shares. Over the past week alone short interest fell 0.9%, continuing a steady retreat.

Days to cover sits at 4.11 per the latest FINRA filing. Cost to borrow averaged 5.71% on April 23, up 2.9% from a week earlier but down 27.7% over the past month. CTB peaked at 7.90% on March 25 and has since normalized to the mid-5% range.

Utilisation dropped to 31.7% on April 23 from 37.4% a day prior. The metric has been volatile, spiking as high as 74.9% on March 25 — not far from the 52-week high of 81.8%. Current utilisation is roughly half the late-March peak, reflecting easing borrow demand.

Options flow

The put/call ratio was 0.88 on April 24, well below the 20-day mean of 1.61. The current PCR sits 1.5 standard deviations below the rolling average, indicating a sharp tilt toward call volume relative to recent weeks. This marks a reversal from early April when the ratio exceeded 2.0, signalling heavy put buying. The 52-week range is wide: a low of 0.55 and a high of 4.31.

Valuation & factor positioning

Enterprise value sits at negative $170.7 million as of year-end 2025, reflecting a net cash position. That figure is stale by 115 days.

The dividend score ranks at the 33rd percentile. ORTEX short score ranks in the 22nd percentile. The sector score sits at the 20th percentile. DTC ranks at the 23rd percentile, while utilisation ranks at the 27th.

Institutional positioning

Founder Jie Zhao remains the largest holder with 1.33 million shares, representing 10.3% of the company. The position was unchanged in the most recent April 2025 filing. Wimi Jack Holdings holds 1.01 million shares (7.8%), also flat. Wonderful Seed Limited holds 750,000 shares (5.8%), unchanged.

Among active managers, Acadian Asset Management added 1,730 shares to hold 361,000 (2.8%) as of December 31. Renaissance Technologies added 4,000 shares to 58,400 (0.45%). XTX Markets initiated a 30,600-share position (0.24%). Susquehanna trimmed by 25,400 shares, leaving 23,400 (0.18%). UBS Asset Management cut 7,600 shares, holding 12,500 (0.10%).

What to watch

WiMi reports Q1 2026 earnings on May 1 at 4:30 PM UTC. The last earnings release landed on April 24 at 11:03 AM UTC. Prior to that, the company reported on January 2 and September 26, 2025.