Redwoods Acquisition Corp. (NASDAQ:RWOD – Get Rating) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 2,600 shares, an increase of 100.0% from the December 31st total of 1,300 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 74,500 shares, the days-to-cover ratio is presently 0.0 days.

Redwoods Acquisition Stock Up 1.2 %

Shares of Redwoods Acquisition stock traded up $0.12 during trading on Friday, hitting $10.29. 1,562 shares of the stock were exchanged. The stock's fifty day moving average is $10.07 and its 200 day moving average is $9.98. Redwoods Acquisition has a 12 month low of $9.78 and a 12 month high of $11.06.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dakota Wealth Management bought a new position in shares of Redwoods Acquisition in the second quarter worth $99,000. Millennium Management LLC acquired a new position in Redwoods Acquisition during the 2nd quarter valued at about $296,000. Robinson Capital Management LLC bought a new stake in shares of Redwoods Acquisition during the 2nd quarter worth about $315,000. Karpus Management Inc. acquired a new stake in shares of Redwoods Acquisition in the 2nd quarter worth approximately $1,148,000. Finally, Glazer Capital LLC lifted its stake in shares of Redwoods Acquisition by 3.9% in the 3rd quarter. Glazer Capital LLC now owns 142,913 shares of the company's stock worth $1,412,000 after acquiring an additional 5,409 shares during the period. Institutional investors own 17.46% of the company's stock.

About Redwoods Acquisition

Redwoods Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. In intends to focus on businesses in the carbon neutral and energy storage industries.

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