KnightSwan Acquisition Co. (NYSE:KNSW – Get Rating) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 2,700 shares, an increase of 12.5% from the November 15th total of 2,400 shares. Based on an average daily volume of 42,300 shares, the short-interest ratio is currently 0.1 days.

KnightSwan Acquisition Trading Up 0.3 %

Shares of KNSW opened at $10.15 on Friday. The company's fifty day moving average is $10.10 and its two-hundred day moving average is $10.02. KnightSwan Acquisition has a fifty-two week low of $9.84 and a fifty-two week high of $10.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Starboard Value LP purchased a new position in shares of KnightSwan Acquisition in the 1st quarter worth about $7,448,000. Bank of Montreal Can purchased a new position in KnightSwan Acquisition in the second quarter valued at approximately $3,347,000. Aristeia Capital LLC acquired a new position in KnightSwan Acquisition during the third quarter valued at approximately $3,009,000. JPMorgan Chase & Co. acquired a new position in KnightSwan Acquisition during the second quarter valued at approximately $1,503,000. Finally, Berkley W R Corp purchased a new stake in KnightSwan Acquisition during the first quarter worth approximately $742,000. Institutional investors and hedge funds own 68.12% of the company's stock.

About KnightSwan Acquisition

KnightSwan Acquisition Corporation focuses on effecting a merger, consolidation, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on businesses in cloud, cybersecurity, and mission intelligence sectors.

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