MSD Acquisition Corp. (NASDAQ:MSDA – Get Rating) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totalling 3,200 shares, a decline of 63.2% from the July 15th total of 8,700 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 85,600 shares, the days-to-cover ratio is currently 0.0 days.

MSD Acquisition Price Performance

Shares of MSDA stock traded down $0.02 during mid-day trading on Friday, hitting $9.85. The company had a trading volume of 50,100 shares, compared to its average volume of 92,346. MSD Acquisition has a 52-week low of $9.67 and a 52-week high of $10.17. The stock's 50 day moving average price is $9.81 and its 200-day moving average price is $9.80.

Hedge Funds Weigh In On MSD Acquisition

Hedge funds have recently modified their holdings of the stock. Levin Capital Strategies L.P. lifted its holdings in shares of MSD Acquisition by 11.2% in the first quarter. Levin Capital Strategies L.P. now owns 835,596 shares of the company's stock worth $8,206,000 after buying an additional 84,297 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of MSD Acquisition by 123.7% in the fourth quarter. HighTower Advisors LLC now owns 1,508,809 shares of the company's stock worth $14,920,000 after buying an additional 834,374 shares in the last quarter. Fort Baker Capital Management LP purchased a new position in shares of MSD Acquisition in the first quarter worth $1,214,000. RP Investment Advisors LP purchased a new position in shares of MSD Acquisition in the first quarter worth $4,050,000. Finally, Beryl Capital Management LLC purchased a new position in shares of MSD Acquisition in the fourth quarter worth $1,236,000. Hedge funds and other institutional investors own 51.36% of the company's stock.

About MSD Acquisition

MSD Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the technology and media sectors. The company was incorporated in 2021 and is based in New York, New York.

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