ALSP Orchid Acquisition Co. I (NASDAQ:ALOR – Get Rating) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 5,400 shares, a drop of 41.3% from the November 15th total of 9,200 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 35,000 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Elequin Capital LP bought a new position in shares of ALSP Orchid Acquisition Co. I in the third quarter worth about $37,000. Whitebox Advisors LLC bought a new position in ALSP Orchid Acquisition Co. I in the 3rd quarter worth approximately $100,000. State Street Corp acquired a new position in shares of ALSP Orchid Acquisition Co. I during the third quarter worth approximately $103,000. Verition Fund Management LLC lifted its holdings in shares of ALSP Orchid Acquisition Co. I by 17.4% during the third quarter. Verition Fund Management LLC now owns 137,833 shares of the company's stock worth $1,382,000 after buying an additional 20,433 shares during the last quarter. Finally, Karpus Management Inc. grew its stake in shares of ALSP Orchid Acquisition Co. I by 18.8% in the second quarter. Karpus Management Inc. now owns 159,825 shares of the company's stock worth $1,595,000 after acquiring an additional 25,325 shares during the last quarter. Institutional investors and hedge funds own 60.69% of the company's stock.

ALSP Orchid Acquisition Co. I Stock Performance

Shares of ALSP Orchid Acquisition Co. I stock opened at $10.24 on Thursday. The firm has a fifty day simple moving average of $10.14 and a 200-day simple moving average of $10.06. ALSP Orchid Acquisition Co. I has a 1-year low of $9.47 and a 1-year high of $10.69.

About ALSP Orchid Acquisition Co. I

ALSP Orchid Acquisition Corporation I does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to target life science companies in North America and Singapore.

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