Enterprise 4.0 Technology Acquisition Corp. (NASDAQ:ENTF – Get Rating) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 16,300 shares, a drop of 10.9% from the August 15th total of 18,300 shares. Based on an average daily trading volume, of 54,400 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Cantor Fitzgerald L. P. acquired a new stake in Enterprise 4.0 Technology Acquisition during the first quarter worth approximately $14,115,000. MMCAP International Inc. SPC boosted its position in Enterprise 4.0 Technology Acquisition by 55.6% during the first quarter. MMCAP International Inc. SPC now owns 1,400,000 shares of the company's stock worth $13,916,000 after acquiring an additional 500,000 shares during the last quarter. Aristeia Capital LLC boosted its holdings in shares of Enterprise 4.0 Technology Acquisition by 242.9% in the 2nd quarter. Aristeia Capital LLC now owns 1,200,000 shares of the company's stock valued at $11,952,000 after purchasing an additional 850,000 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Enterprise 4.0 Technology Acquisition by 143.1% in the 2nd quarter. Millennium Management LLC now owns 753,965 shares of the company's stock valued at $7,509,000 after purchasing an additional 443,804 shares during the last quarter. Finally, Sculptor Capital LP boosted its holdings in shares of Enterprise 4.0 Technology Acquisition by 100.0% in the 1st quarter. Sculptor Capital LP now owns 750,000 shares of the company's stock valued at $7,455,000 after purchasing an additional 374,998 shares during the last quarter. 59.52% of the stock is owned by hedge funds and other institutional investors.

Enterprise 4.0 Technology Acquisition Stock Performance

Enterprise 4.0 Technology Acquisition stock remained flat at $10.07 during mid-day trading on Wednesday. 200 shares of the company's stock were exchanged, compared to its average volume of 70,060. Enterprise 4.0 Technology Acquisition has a 12 month low of $9.80 and a 12 month high of $10.95. The business's 50-day simple moving average is $10.04 and its 200-day simple moving average is $9.98.

Enterprise 4.0 Technology Acquisition Company Profile

Enterprise 4.0 Technology Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Palo Alto, California.

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