L Catterton Asia Acquisition Corp (NASDAQ:LCAA – Get Rating) was the target of a large decline in short interest during the month of December. As of December 30th, there was short interest totalling 2,000 shares, a decline of 37.5% from the December 15th total of 3,200 shares. Based on an average daily volume of 86,000 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company's stock are short sold.

Institutional Investors Weigh In On L Catterton Asia Acquisition

Several institutional investors and hedge funds have recently modified their holdings of LCAA. BNP Paribas Arbitrage SNC acquired a new stake in shares of L Catterton Asia Acquisition in the 3rd quarter valued at $7,490,000. Woodline Partners LP lifted its stake in shares of L Catterton Asia Acquisition by 1,500.0% in the 2nd quarter. Woodline Partners LP now owns 800,000 shares of the company's stock valued at $7,840,000 after purchasing an additional 750,000 shares during the last quarter. Aristeia Capital LLC acquired a new stake in shares of L Catterton Asia Acquisition in the 2nd quarter valued at $5,641,000. JPMorgan Chase & Co. raised its holdings in L Catterton Asia Acquisition by 325.3% in the 1st quarter. JPMorgan Chase & Co. now owns 522,976 shares of the company's stock worth $5,099,000 after acquiring an additional 400,000 shares during the period. Finally, Nomura Holdings Inc. raised its holdings in L Catterton Asia Acquisition by 214.9% in the 2nd quarter. Nomura Holdings Inc. now owns 533,740 shares of the company's stock worth $5,231,000 after acquiring an additional 364,228 shares during the period. Institutional investors and hedge funds own 66.95% of the company's stock.

L Catterton Asia Acquisition Stock Performance

Shares of LCAA stock remained flat at $10.13 on Friday. 210 shares of the company traded hands, compared to its average volume of 146,993. L Catterton Asia Acquisition has a 1-year low of $9.68 and a 1-year high of $10.14. The firm's fifty day moving average price is $10.06 and its two-hundred day moving average price is $9.95.

About L Catterton Asia Acquisition

L Catterton Asia Acquisition Corp does not have significant operations. It 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 focus its search in consumer technology sectors.

Further Reading

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