Abri SPAC I, Inc. (NASDAQ:ASPA – Get Rating) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 5,100 shares, a drop of 16.4% from the July 15th total of 6,100 shares. Approximately 0.1% of the company's shares are sold short. Based on an average daily trading volume, of 25,200 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Logan Stone Capital LLC acquired a new stake in Abri SPAC I in the 4th quarter valued at approximately $219,000. Spartan Fund Management Inc. bought a new stake in shares of Abri SPAC I in the 1st quarter worth about $858,000. CVI Holdings LLC increased its stake in shares of Abri SPAC I by 12.6% in the second quarter. CVI Holdings LLC now owns 200,686 shares of the company's stock valued at $1,995,000 after buying an additional 22,528 shares in the last quarter. Bank of America Corp DE acquired a new position in Abri SPAC I during the 4th quarter valued at about $2,066,000. Finally, Murchinson Ltd. acquired a new stake in Abri SPAC I during the 4th quarter worth $2,952,000. 77.27% of the stock is currently owned by hedge funds and other institutional investors.

Abri SPAC I Trading Up 0.2 %

Shares of ASPA traded up $0.02 during mid-day trading on Tuesday, reaching $10.02. The company's stock had a trading volume of 399 shares, compared to its average volume of 23,381. Abri SPAC I has a 12-month low of $9.57 and a 12-month high of $10.45. The company's 50 day moving average is $9.97 and its 200 day moving average is $9.93.

About Abri SPAC I

Abri SPAC I, Inc intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination involving one or more businesses or assets. It focuses on identifying companies that provides power transformation and technology in a range of managed industries, including financial/insurance services.

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