Revelstone Capital Acquisition Corp. (NASDAQ:RCAC – Get Rating) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 2,200 shares, a drop of 57.7% from the November 15th total of 5,200 shares. Based on an average trading volume of 15,500 shares, the short-interest ratio is currently 0.1 days.

Revelstone Capital Acquisition Trading Up 0.1 %

RCAC traded up $0.01 on Tuesday, hitting $9.99. The company had a trading volume of 2,102 shares, compared to its average volume of 41,395. Revelstone Capital Acquisition has a 12-month low of $9.66 and a 12-month high of $10.35. The business's fifty day simple moving average is $9.93 and its 200 day simple moving average is $9.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in Revelstone Capital Acquisition in the first quarter worth about $13,203,000. Governors Lane LP bought a new stake in Revelstone Capital Acquisition in the first quarter worth about $11,003,000. Radcliffe Capital Management L.P. bought a new stake in Revelstone Capital Acquisition in the first quarter worth about $10,404,000. Saba Capital Management L.P. bought a new stake in Revelstone Capital Acquisition in the first quarter worth about $7,853,000. Finally, Sculptor Capital LP bought a new stake in Revelstone Capital Acquisition in the first quarter worth about $6,602,000.

Revelstone Capital Acquisition Company Profile

Revelstone Capital Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the consumer, media, and/or technology markets. The company was incorporated in 2021 and is based in Irvine, California.

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