Mount Rainier Acquisition Corp. (NASDAQ:RNER – Get Rating) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 2,200 shares, a decrease of 96.6% from the December 31st total of 64,200 shares. Based on an average daily trading volume, of 48,600 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Trading of Mount Rainier Acquisition

Several hedge funds have recently bought and sold shares of the company. Wolverine Asset Management LLC raised its holdings in shares of Mount Rainier Acquisition by 0.5% during the second quarter. Wolverine Asset Management LLC now owns 370,480 shares of the company's stock valued at $3,727,000 after buying an additional 1,883 shares during the last quarter. UBS Group AG acquired a new position in Mount Rainier Acquisition during the 1st quarter worth $32,000. Mint Tower Capital Management B.V. acquired a new position in Mount Rainier Acquisition during the 3rd quarter worth $50,000. Glazer Capital LLC grew its stake in shares of Mount Rainier Acquisition by 2.1% in the third quarter. Glazer Capital LLC now owns 554,379 shares of the company's stock worth $5,588,000 after purchasing an additional 11,349 shares in the last quarter. Finally, RPO LLC acquired a new position in shares of Mount Rainier Acquisition during the third quarter valued at $228,000. 66.74% of the stock is currently owned by institutional investors.

Mount Rainier Acquisition Price Performance

NASDAQ RNER traded up $0.17 during trading hours on Monday, hitting $8.60. The company had a trading volume of 840 shares, compared to its average volume of 42,022. Mount Rainier Acquisition has a fifty-two week low of $7.88 and a fifty-two week high of $16.98. The business has a fifty day simple moving average of $10.21 and a 200-day simple moving average of $10.13.

About Mount Rainier Acquisition

Mount Rainier Acquisition Corp. intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on technology focused businesses. Mount Rainier Acquisition Corp.

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