Minority Equality Opportunities Acquisition Inc. (NASDAQ:MEOA – Get Rating) was the recipient of a large drop in short interest in November. As of November 30th, there was short interest totalling 13,900 shares, a drop of 55.2% from the November 15th total of 31,000 shares. Based on an average trading volume of 10,600 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Minority Equality Opportunities Acquisition

Hedge funds have recently modified their holdings of the stock. Glazer Capital LLC boosted its position in shares of Minority Equality Opportunities Acquisition by 28.2% in the third quarter. Glazer Capital LLC now owns 32,554 shares of the company's stock worth $331,000 after acquiring an additional 7,154 shares during the last quarter. RPO LLC acquired a new position in Minority Equality Opportunities Acquisition during the second quarter valued at approximately $880,000. JPMorgan Chase & Co. acquired a new position in Minority Equality Opportunities Acquisition during the second quarter valued at approximately $2,533,000. Owl Creek Asset Management L.P. acquired a new position in Minority Equality Opportunities Acquisition during the third quarter valued at approximately $3,143,000. Finally, Berkley W R Corp lifted its position in Minority Equality Opportunities Acquisition by 8.8% during the first quarter. Berkley W R Corp now owns 471,012 shares of the company's stock valued at $4,729,000 after buying an additional 38,205 shares in the last quarter. 69.46% of the stock is owned by institutional investors and hedge funds.

Minority Equality Opportunities Acquisition Stock Performance

NASDAQ:MEOA remained flat at $10.34 during mid-day trading on Tuesday. 3,723 shares of the company's stock traded hands, compared to its average volume of 37,975. Minority Equality Opportunities Acquisition has a 52-week low of $9.94 and a 52-week high of $10.78. The business has a 50-day simple moving average of $10.25 and a 200 day simple moving average of $10.16.

About Minority Equality Opportunities Acquisition

Minority Equality Opportunities Acquisition Inc 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. The company was incorporated in 2021 and is based in Waxahachie, Texas.

Further Reading

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