Frontier Acquisition Corp. (NASDAQ:FRON – Get Rating) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 21,800 shares, a growth of 49.3% from the June 15th total of 14,600 shares. Based on an average trading volume of 33,300 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company's stock are sold short.

Hedge Funds Weigh In On Frontier Acquisition

A number of hedge funds have recently added to or reduced their stakes in FRON. Timelo Investment Management Inc. bought a new stake in Frontier Acquisition in the fourth quarter worth approximately $491,000. Verition Fund Management LLC bought a new stake in Frontier Acquisition in the first quarter worth $704,000. Berkley W R Corp increased its position in Frontier Acquisition by 190.5% during the first quarter. Berkley W R Corp now owns 99,888 shares of the company's stock worth $977,000 after buying an additional 65,500 shares during the last quarter. P Schoenfeld Asset Management LP bought a new position in Frontier Acquisition during the first quarter valued at about $979,000. Finally, Spring Creek Capital LLC acquired a new stake in shares of Frontier Acquisition in the first quarter worth about $1,470,000. Institutional investors and hedge funds own 53.69% of the company's stock.

Frontier Acquisition Stock Down 0.1 %

Shares of FRON stock opened at $9.80 on Wednesday. Frontier Acquisition has a fifty-two week low of $9.62 and a fifty-two week high of $10.03. The stock's 50-day moving average is $9.79 and its two-hundred day moving average is $9.77.

About Frontier Acquisition

Frontier Acquisition Corp. 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 or entities. The company was incorporated in 2021 and is based in New York, New York.

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