Aura FAT Projects Acquisition Corp (NASDAQ:AFAR – Get Rating) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 11,200 shares, an increase of 180.0% from the August 15th total of 4,000 shares. Based on an average daily trading volume, of 21,400 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Aura FAT Projects Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Warberg Asset Management LLC purchased a new position in Aura FAT Projects Acquisition in the second quarter valued at approximately $248,000. CVI Holdings LLC purchased a new position in Aura FAT Projects Acquisition in the second quarter valued at approximately $247,000. Karpus Management Inc. purchased a new position in Aura FAT Projects Acquisition in the second quarter valued at approximately $707,000. Starboard Value LP purchased a new position in Aura FAT Projects Acquisition in the second quarter valued at approximately $3,483,000. Finally, Hudson Bay Capital Management LP purchased a new position in Aura FAT Projects Acquisition in the second quarter valued at approximately $9,801,000. 45.62% of the stock is owned by institutional investors and hedge funds.

Aura FAT Projects Acquisition Price Performance

Shares of Aura FAT Projects Acquisition stock opened at $10.03 on Wednesday. Aura FAT Projects Acquisition has a one year low of $9.83 and a one year high of $10.08. The stock's 50-day moving average is $9.94.

Aura FAT Projects Acquisition Company Profile

Aura FAT Projects 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 technology companies in Southeast Asia, Australia, and New Zealand.

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