Worldwide Webb Acquisition Corp. (NASDAQ:WWAC – Get Rating) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 3,100 shares, a drop of 24.4% from the November 15th total of 4,100 shares. Based on an average trading volume of 21,300 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Worldwide Webb Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Centiva Capital LP boosted its position in shares of Worldwide Webb Acquisition by 2.3% during the second quarter. Centiva Capital LP now owns 52,378 shares of the company's stock worth $522,000 after purchasing an additional 1,165 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Worldwide Webb Acquisition by 1.4% during the first quarter. Goldman Sachs Group Inc. now owns 444,242 shares of the company's stock worth $4,376,000 after purchasing an additional 6,266 shares in the last quarter. First Trust Capital Management L.P. bought a new position in shares of Worldwide Webb Acquisition during the third quarter worth $137,000. Cohanzick Management LLC boosted its position in shares of Worldwide Webb Acquisition by 138.6% during the first quarter. Cohanzick Management LLC now owns 23,711 shares of the company's stock worth $234,000 after purchasing an additional 13,773 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Worldwide Webb Acquisition by 1.7% during the second quarter. Millennium Management LLC now owns 1,035,521 shares of the company's stock worth $10,190,000 after purchasing an additional 17,634 shares in the last quarter. 66.26% of the stock is owned by institutional investors.

Worldwide Webb Acquisition Price Performance

Shares of WWAC stock opened at $10.13 on Wednesday. The firm's 50 day moving average price is $10.07 and its two-hundred day moving average price is $9.97. Worldwide Webb Acquisition has a 52-week low of $9.70 and a 52-week high of $10.13.

About Worldwide Webb Acquisition

Worldwide Webb Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of direct-to-consumer brands, amazon-centric, online marketplace, food tech, new media, digital health, software-as-a-service, fintech, and others.

Further Reading

• Get a free copy of the StockNews.com research report on Worldwide Webb Acquisition (WWAC)
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