Nocturne Acquisition Co. (NASDAQ:MBTC – Get Rating) was the target of a significant decrease in short interest in December. As of December 30th, there was short interest totalling 2,200 shares, a decrease of 24.1% from the December 15th total of 2,900 shares. Based on an average daily volume of 800 shares, the short-interest ratio is presently 2.8 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Trading of Nocturne Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of MBTC. Periscope Capital Inc. grew its holdings in shares of Nocturne Acquisition by 41.2% in the third quarter. Periscope Capital Inc. now owns 1,146,961 shares of the company's stock valued at $11,845,000 after purchasing an additional 334,680 shares during the period. Glazer Capital LLC increased its holdings in shares of Nocturne Acquisition by 79.6% during the 3rd quarter. Glazer Capital LLC now owns 1,134,407 shares of the company's stock worth $11,718,000 after buying an additional 502,871 shares during the last quarter. Exos TFP Holdings LLC purchased a new stake in shares of Nocturne Acquisition during the 3rd quarter valued at approximately $242,000. Centiva Capital LP purchased a new stake in shares of Nocturne Acquisition during the 2nd quarter valued at approximately $232,000. Finally, Gabelli Funds LLC acquired a new position in Nocturne Acquisition in the third quarter valued at approximately $163,000. 62.99% of the stock is owned by institutional investors and hedge funds.

Nocturne Acquisition Price Performance

Shares of NASDAQ:MBTC traded up $0.02 during midday trading on Friday, hitting $10.73. The company had a trading volume of 1,518 shares, compared to its average volume of 3,713. The business's 50-day simple moving average is $10.57 and its 200-day simple moving average is $10.42. Nocturne Acquisition has a twelve month low of $10.00 and a twelve month high of $11.10.

About Nocturne Acquisition

Nocturne Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the disruptive technology market. The company was incorporated in 2020 and is based in Wilmington, Delaware.

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