TLGY Acquisition Co. (NASDAQ:TLGY – Get Rating) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 16,700 shares, a growth of 68.7% from the January 31st total of 9,900 shares. Approximately 0.1% of the company's stock are short sold. Based on an average daily trading volume, of 60,900 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On TLGY Acquisition

A number of hedge funds have recently bought and sold shares of TLGY. Dark Forest Capital Management LP purchased a new position in shares of TLGY Acquisition in the fourth quarter valued at approximately $32,000. Sea Otter Advisors LLC purchased a new position in shares of TLGY Acquisition during the fourth quarter worth $228,000. CSS LLC IL boosted its position in shares of TLGY Acquisition by 8.4% during the fourth quarter. CSS LLC IL now owns 51,937 shares of the company's stock worth $533,000 after buying an additional 4,037 shares during the period. Glazer Capital LLC purchased a new position in shares of TLGY Acquisition during the first quarter worth $559,000. Finally, Prelude Capital Management LLC purchased a new position in shares of TLGY Acquisition during the third quarter worth $708,000. Hedge funds and other institutional investors own 64.68% of the company's stock.

TLGY Acquisition Stock Performance

Shares of TLGY stock remained flat at $10.43 during mid-day trading on Thursday. The stock had a trading volume of 238 shares, compared to its average volume of 110,464. TLGY Acquisition has a fifty-two week low of $9.91 and a fifty-two week high of $11.35. The business has a fifty day moving average of $10.34 and a two-hundred day moving average of $10.19.

About TLGY Acquisition

(Get Rating)

TLGY Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on targets in biopharma or technology enabled business-to-consumer industries worldwide.

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