Nocturne Acquisition Co. (NASDAQ:MBTC – Get Rating) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 11,300 shares, a growth of 5.6% from the February 13th total of 10,700 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is presently 10.3 days. Currently, 0.2% of the company's stock are sold short.

Nocturne Acquisition Price Performance

MBTC opened at $10.80 on Friday. Nocturne Acquisition has a 12-month low of $10.02 and a 12-month high of $11.10. The business has a 50 day moving average of $10.75 and a 200-day moving average of $10.56.

Hedge Funds Weigh In On Nocturne Acquisition

A number of hedge funds have recently added to or reduced their stakes in MBTC. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Nocturne Acquisition in the 3rd quarter worth about $147,000. Periscope Capital Inc. increased its holdings in Nocturne Acquisition by 41.2% during the 3rd quarter. Periscope Capital Inc. now owns 1,146,961 shares of the company's stock worth $11,845,000 after purchasing an additional 334,680 shares in the last quarter. Glazer Capital LLC purchased a new position in shares of Nocturne Acquisition in the 1st quarter worth approximately $505,000. Centiva Capital LP purchased a new position in Nocturne Acquisition in the second quarter valued at approximately $232,000. Finally, Meteora Capital LLC purchased a new position in Nocturne Acquisition in the fourth quarter valued at approximately $121,000. Institutional investors own 62.99% of the company's stock.

About Nocturne Acquisition

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Nocturne Acquisition Corporation 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 disruptive technology market. The company was incorporated in 2020 and is based in Wilmington, Delaware.

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