Supernova Partners Acquisition Company III, Ltd. (NYSE:STRE – Get Rating) saw a significant drop in short interest in the month of December. As of December 30th, there was short interest totalling 4,400 shares, a drop of 61.4% from the December 15th total of 11,400 shares. Based on an average daily volume of 59,700 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Trading of Supernova Partners Acquisition Company III

A number of institutional investors have recently made changes to their positions in STRE. Mizuho Securities USA LLC purchased a new position in Supernova Partners Acquisition Company III during the third quarter worth approximately $308,000. Virtu Financial LLC purchased a new position in Supernova Partners Acquisition Company III during the second quarter worth approximately $313,000. First Trust Capital Management L.P. purchased a new position in Supernova Partners Acquisition Company III during the third quarter worth approximately $422,000. Goldman Sachs Group Inc. lifted its position in Supernova Partners Acquisition Company III by 23.6% during the first quarter. Goldman Sachs Group Inc. now owns 48,777 shares of the company's stock worth $477,000 after buying an additional 9,317 shares in the last quarter. Finally, B. Riley Financial Inc. purchased a new position in Supernova Partners Acquisition Company III during the third quarter worth approximately $517,000. 75.50% of the stock is owned by institutional investors and hedge funds.

Supernova Partners Acquisition Company III Stock Up 1.5 %

STRE traded up $0.15 during trading on Tuesday, hitting $10.26. The company's stock had a trading volume of 300 shares, compared to its average volume of 197,969. Supernova Partners Acquisition Company III has a twelve month low of $9.67 and a twelve month high of $10.13. The business's fifty day simple moving average is $10.05 and its 200 day simple moving average is $9.94.

About Supernova Partners Acquisition Company III

Supernova Partners Acquisition Company III, Ltd. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify a business combination target within the technology sector focused on internet, consumer, media, and similar businesses.

Further Reading

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