UTA Acquisition Co. (NASDAQ:UTAA – Get Rating) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 14,600 shares, a growth of 192.0% from the December 31st total of 5,000 shares. Based on an average daily volume of 121,500 shares, the days-to-cover ratio is currently 0.1 days.

UTA Acquisition Price Performance

UTA Acquisition stock opened at $10.28 on Friday. UTA Acquisition has a 1-year low of $9.74 and a 1-year high of $10.32. The business has a fifty day moving average price of $10.21 and a 200-day moving average price of $10.07.

Institutional Trading of UTA Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Robinson Capital Management LLC acquired a new stake in UTA Acquisition during the 3rd quarter worth about $120,000. Caas Capital Management LP acquired a new stake in UTA Acquisition during the 3rd quarter worth about $151,000. Virtu Financial LLC acquired a new stake in UTA Acquisition during the 2nd quarter worth about $246,000. Credit Suisse AG acquired a new stake in UTA Acquisition during the 2nd quarter worth about $248,000. Finally, Boothbay Fund Management LLC acquired a new stake in UTA Acquisition during the 3rd quarter worth about $274,000. Institutional investors and hedge funds own 68.04% of the company's stock.

UTA Acquisition Company Profile

UTA Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business operating in the gaming, digital media, creator economy, entertainment, and technology industries.

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