Mount Rainier Acquisition Corp. (NASDAQ:RNERW – Get Rating) was the recipient of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 4,100 shares, a decline of 84.7% from the November 15th total of 26,800 shares. Based on an average trading volume of 52,900 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On Mount Rainier Acquisition

A number of institutional investors have recently bought and sold shares of the stock. Anson Funds Management LP purchased a new position in Mount Rainier Acquisition in the 1st quarter worth about $1,123,000. Empery Asset Management LP purchased a new position in Mount Rainier Acquisition in the 1st quarter worth about $48,000. Saba Capital Management L.P. acquired a new stake in Mount Rainier Acquisition during the 1st quarter worth about $47,000. Fir Tree Capital Management LP acquired a new stake in Mount Rainier Acquisition during the 1st quarter worth about $49,000. Finally, EHP Funds Inc. acquired a new stake in Mount Rainier Acquisition during the 1st quarter worth about $53,000.

Mount Rainier Acquisition Price Performance

NASDAQ:RNERW traded down $0.00 during mid-day trading on Monday, reaching $0.16. 33,511 shares of the stock were exchanged, compared to its average volume of 76,834. The business has a fifty day moving average price of $0.11 and a 200 day moving average price of $0.13. Mount Rainier Acquisition has a 1-year low of $0.05 and a 1-year high of $0.38.

Mount Rainier Acquisition Company Profile

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.

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