Fat Projects Acquisition Corp (NASDAQ:FATP – Get Rating) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 25,600 shares, an increase of 128.6% from the November 15th total of 11,200 shares. Based on an average daily trading volume, of 20,500 shares, the short-interest ratio is currently 1.2 days. Currently, 0.2% of the company's stock are short sold.

Institutional Trading of Fat Projects Acquisition

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in shares of Fat Projects Acquisition during the 1st quarter worth approximately $4,853,000. Cohanzick Management LLC bought a new position in shares of Fat Projects Acquisition in the 1st quarter worth $282,000. Spring Creek Capital LLC purchased a new stake in Fat Projects Acquisition in the 1st quarter valued at $3,462,000. Goldman Sachs Group Inc. purchased a new stake in Fat Projects Acquisition in the 1st quarter valued at $553,000. Finally, Saba Capital Management L.P. raised its position in Fat Projects Acquisition by 14.4% in the 1st quarter. Saba Capital Management L.P. now owns 989,400 shares of the company's stock valued at $9,765,000 after buying an additional 124,400 shares during the last quarter. 80.65% of the stock is currently owned by institutional investors.

Fat Projects Acquisition Trading Up 0.1 %

FATP stock traded up $0.01 during midday trading on Thursday, reaching $10.09. 1,500 shares of the company were exchanged, compared to its average volume of 52,696. The business has a 50-day moving average price of $10.04 and a two-hundred day moving average price of $9.97. Fat Projects Acquisition has a one year low of $9.70 and a one year high of $10.09.

Fat Projects Acquisition Company Profile

Fat Projects Acquisition Corp does not have significant operations. The company 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 the supply chain, transportation, logistics, finance, sustainability/ESG, food, agriculture, e-commerce, and big data and/or monetization areas in Southeast Asia.

See Also

• Get a free copy of the StockNews.com research report on Fat Projects Acquisition (FATP)
• Inflation and the Energy Crisis are Two Freight Trains on a Collision Course – Here's How to Prepare
• Is Enterprise Products Partners Fairly Valued?
• Will WhatsApp Partnership Boost MercadoLibre's Earnings?
• 3 Mid-Caps That Could Double in 2023
• Mullen Automotive Shares Jump After Signing New Partner

Receive News & Ratings for Fat Projects Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fat Projects Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.