Ahren Acquisition Corp. (NASDAQ:AHRN – Get Rating) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 500 shares, a decline of 76.2% from the November 30th total of 2,100 shares. Based on an average daily trading volume, of 48,700 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Ahren Acquisition

A number of large investors have recently made changes to their positions in the company. Centiva Capital LP raised its holdings in shares of Ahren Acquisition by 9.9% in the 2nd quarter. Centiva Capital LP now owns 106,105 shares of the company's stock valued at $1,054,000 after purchasing an additional 9,597 shares in the last quarter. Whitebox Advisors LLC acquired a new position in shares of Ahren Acquisition in the third quarter worth about $151,000. Virtu Financial LLC acquired a new stake in Ahren Acquisition in the 2nd quarter valued at $168,000. Parallax Volatility Advisers L.P. acquired a new position in shares of Ahren Acquisition during the third quarter valued at approximately $240,000. Finally, Robinson Capital Management LLC purchased a new stake in shares of Ahren Acquisition in the second quarter valued at approximately $263,000. 77.71% of the stock is owned by hedge funds and other institutional investors.

Ahren Acquisition Price Performance

Shares of Ahren Acquisition stock opened at $10.22 on Thursday. The stock has a 50 day moving average of $10.16 and a 200 day moving average of $10.05. Ahren Acquisition has a 12 month low of $9.76 and a 12 month high of $10.23.

Ahren Acquisition Company Profile

Ahren Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and complete a business combination with a company fueled by deep technology and/or deep science.

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