Tristar Acquisition I Corp. (NYSE:TRIS – Get Rating) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 10,100 shares, a growth of 18.8% from the July 31st total of 8,500 shares. Based on an average trading volume of 36,000 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company's stock are sold short.

Institutional Investors Weigh In On Tristar Acquisition I

Large investors have recently bought and sold shares of the company. Hsbc Holdings PLC purchased a new stake in Tristar Acquisition I in the first quarter valued at approximately $2,169,000. Royal Bank of Canada boosted its position in Tristar Acquisition I by 85.7% in the first quarter. Royal Bank of Canada now owns 65,000 shares of the company's stock valued at $641,000 after buying an additional 30,000 shares during the last quarter. Toroso Investments LLC purchased a new stake in Tristar Acquisition I in the first quarter valued at approximately $257,000. Toronto Dominion Bank purchased a new stake in Tristar Acquisition I in the second quarter valued at approximately $1,477,000. Finally, OLD Mission Capital LLC purchased a new stake in Tristar Acquisition I in the second quarter valued at approximately $461,000. Hedge funds and other institutional investors own 54.80% of the company's stock.

Tristar Acquisition I Price Performance

Shares of TRIS stock traded down $0.02 during trading hours on Tuesday, reaching $9.90. 320 shares of the company's stock were exchanged, compared to its average volume of 76,360. Tristar Acquisition I has a 1 year low of $9.69 and a 1 year high of $9.97. The stock's fifty day moving average price is $9.87 and its two-hundred day moving average price is $9.84.

About Tristar Acquisition I

Tristar Acquisition I Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on targeting a telecommunications and technology oriented company.

Further Reading

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