Newcourt Acquisition Corp (NASDAQ:NCAC – Get Rating) was the recipient of a significant decline in short interest in the month of December. As of December 30th, there was short interest totalling 2,100 shares, a decline of 58.0% from the December 15th total of 5,000 shares. Based on an average daily volume of 90,600 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company's shares are short sold.

Hedge Funds Weigh In On Newcourt Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCAC. State Street Corp purchased a new stake in shares of Newcourt Acquisition during the first quarter worth about $155,000. Prelude Capital Management LLC purchased a new stake in shares of Newcourt Acquisition during the first quarter worth about $226,000. Virtu Financial LLC purchased a new stake in shares of Newcourt Acquisition during the third quarter worth about $232,000. Rivernorth Capital Management LLC purchased a new stake in shares of Newcourt Acquisition during the first quarter worth about $566,000. Finally, Bank of Montreal Can purchased a new stake in Newcourt Acquisition in the first quarter valued at approximately $749,000. Hedge funds and other institutional investors own 80.70% of the company's stock.

Newcourt Acquisition Stock Performance

Shares of NASDAQ NCAC opened at $10.37 on Wednesday. Newcourt Acquisition has a 52-week low of $9.90 and a 52-week high of $10.70. The stock has a 50 day moving average price of $10.28 and a 200 day moving average price of $10.17.

About Newcourt Acquisition

Newcourt Acquisition Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Oakland, California.

Further Reading

• Get a free copy of the StockNews.com research report on Newcourt Acquisition (NCAC)
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