Mount Rainier Acquisition Corp. (NASDAQ:RNERW – Get Rating) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 29,400 shares, a growth of 314.1% from the September 15th total of 7,100 shares. Based on an average daily volume of 37,700 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Mount Rainier Acquisition

A number of large investors have recently made changes to their positions in the business. Highbridge Capital Management LLC bought a new stake in Mount Rainier Acquisition in the first quarter valued at $324,000. MMCAP International Inc. SPC bought a new stake in Mount Rainier Acquisition in the first quarter valued at $250,000. Goldman Sachs Group Inc. bought a new stake in Mount Rainier Acquisition in the first quarter valued at $129,000. Ramius Advisors LLC bought a new stake in Mount Rainier Acquisition in the second quarter valued at $66,000. Finally, Rivernorth Capital Management LLC bought a new stake in Mount Rainier Acquisition in the first quarter valued at $56,000.

Mount Rainier Acquisition Price Performance

Mount Rainier Acquisition stock remained flat at $0.08 during trading hours on Thursday. The company's stock had a trading volume of 62,100 shares, compared to its average volume of 79,581. The stock's 50-day moving average is $0.11. Mount Rainier Acquisition has a 1-year low of $0.05 and a 1-year high of $0.38.

About Mount Rainier Acquisition

Mount Rainier Acquisition Corp. intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on technology focused businesses. The company was incorporated in 2021 and is based in New York, New York.

Read More

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