Avalon Acquisition Inc. (NASDAQ:AVAC – Get Rating) saw a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 6,700 shares, an increase of 8.1% from the December 15th total of 6,200 shares. Based on an average daily trading volume, of 31,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. State Street Corp purchased a new position in Avalon Acquisition in the first quarter valued at about $192,000. Kohlberg Kravis Roberts & Co. L.P. boosted its holdings in shares of Avalon Acquisition by 7.6% in the 1st quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 40,137 shares of the company's stock valued at $400,000 after buying an additional 2,850 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Avalon Acquisition by 803.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 582,978 shares of the company's stock valued at $5,824,000 after buying an additional 518,418 shares in the last quarter. Cruiser Capital Advisors LLC boosted its holdings in shares of Avalon Acquisition by 7.7% in the 2nd quarter. Cruiser Capital Advisors LLC now owns 70,000 shares of the company's stock valued at $699,000 after buying an additional 5,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Avalon Acquisition by 25.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 633,448 shares of the company's stock valued at $6,328,000 after buying an additional 126,907 shares in the last quarter. 72.54% of the stock is owned by institutional investors.

Avalon Acquisition Price Performance

Shares of NASDAQ:AVAC opened at $10.31 on Tuesday. The firm has a 50 day moving average of $10.18 and a 200 day moving average of $10.09. Avalon Acquisition has a 52 week low of $9.85 and a 52 week high of $10.50.

About Avalon Acquisition

Avalon Acquisition Inc 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 in the financial services and financial technologies industries. The company was incorporated in 2020 and is based in San Francisco, California.

Further Reading

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