Shares of Mountain Crest Acquisition Corp. III (NASDAQ:MCAE – Get Rating) were down 0.3% during mid-day trading on Monday . The stock traded as low as $10.05 and last traded at $10.05. Approximately 100 shares traded hands during trading, a decline of 100% from the average daily volume of 26,209 shares. The stock had previously closed at $10.08.

Mountain Crest Acquisition Corp. III Trading Down 0.3 %

The firm has a fifty day moving average price of $10.03 and a 200-day moving average price of $9.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in Mountain Crest Acquisition Corp. III by 280.6% in the first quarter. Goldman Sachs Group Inc. now owns 49,075 shares of the company's stock valued at $483,000 after acquiring an additional 36,180 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Mountain Crest Acquisition Corp. III in the second quarter valued at $725,000. RPO LLC boosted its holdings in Mountain Crest Acquisition Corp. III by 222.9% in the second quarter. RPO LLC now owns 80,337 shares of the company's stock valued at $793,000 after acquiring an additional 55,457 shares during the last quarter. P Schoenfeld Asset Management LP acquired a new position in Mountain Crest Acquisition Corp. III in the first quarter valued at $1,018,000. Finally, Taconic Capital Advisors LP acquired a new position in Mountain Crest Acquisition Corp. III in the first quarter valued at $1,490,000.

About Mountain Crest Acquisition Corp. III

Mountain Crest Acquisition Corp. III does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

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