Ascendant Digital Acquisition Corp. III (NYSE:ACDI – Get Rating) was the target of a significant decline in short interest in the month of December. As of December 30th, there was short interest totalling 700 shares, a decline of 12.5% from the December 15th total of 800 shares. Based on an average daily volume of 81,200 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Basso Capital Management L.P. acquired a new position in shares of Ascendant Digital Acquisition Corp. III in the first quarter worth about $100,000. Virtu Financial LLC bought a new position in shares of Ascendant Digital Acquisition Corp. III during the third quarter valued at approximately $191,000. Mint Tower Capital Management B.V. bought a new position in shares of Ascendant Digital Acquisition Corp. III during the second quarter valued at approximately $1,919,000. Westchester Capital Management LLC bought a new position in shares of Ascendant Digital Acquisition Corp. III during the third quarter valued at approximately $4,291,000. Finally, Weiss Asset Management LP grew its holdings in Ascendant Digital Acquisition Corp. III by 10.5% in the 3rd quarter. Weiss Asset Management LP now owns 1,050,300 shares of the company's stock worth $10,650,000 after buying an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 71.40% of the company's stock.

Ascendant Digital Acquisition Corp. III Price Performance

ACDI stock traded down $0.02 during trading on Monday, reaching $10.35. 9,889 shares of the stock traded hands, compared to its average volume of 499,832. The business's 50 day moving average price is $10.29 and its 200-day moving average price is $10.18. Ascendant Digital Acquisition Corp. III has a 52-week low of $9.89 and a 52-week high of $10.40.

Ascendant Digital Acquisition Corp. III Company Profile

Ascendant Digital Acquisition Corp. III 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 interactive entertainment, film/television, music, print and digital books, e-sports, live events, and other forms of consumer entertainment, and enabling services and technologies sectors.

Further Reading

• Get a free copy of the StockNews.com research report on Ascendant Digital Acquisition Corp. III (ACDI)
• Can We Trust The Rally In The S&P 500
• Energy Surge: Four Oil-And-Gas Stocks Setting Up In Bullish Bases
• One ETF Trading Strategy to Beat the Market in 2023
• Is Wayfair Still Way Cheap For Investors?
• When Does Pfizer Become A Bargain?

Receive News & Ratings for Ascendant Digital Acquisition Corp. III Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ascendant Digital Acquisition Corp. III and related companies with MarketBeat.com's FREE daily email newsletter.