World Quantum Growth Acquisition Corp. (NYSE:WQGA – Get Rating) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 1,200 shares, a growth of 33.3% from the June 30th total of 900 shares. Currently, 0.0% of the company's stock are sold short. Based on an average trading volume of 22,600 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On World Quantum Growth Acquisition

Several hedge funds have recently bought and sold shares of the business. Saba Capital Management L.P. grew its position in shares of World Quantum Growth Acquisition by 17.1% in the fourth quarter. Saba Capital Management L.P. now owns 1,029,094 shares of the company's stock valued at $10,095,000 after purchasing an additional 150,000 shares during the last quarter. Radcliffe Capital Management L.P. acquired a new stake in shares of World Quantum Growth Acquisition in the first quarter valued at about $3,270,000. Basso Capital Management L.P. grew its position in shares of World Quantum Growth Acquisition by 18,440.9% in the first quarter. Basso Capital Management L.P. now owns 52,100 shares of the company's stock valued at $516,000 after purchasing an additional 51,819 shares during the last quarter. Royal Bank of Canada grew its position in shares of World Quantum Growth Acquisition by 46.9% in the first quarter. Royal Bank of Canada now owns 23,198 shares of the company's stock valued at $230,000 after purchasing an additional 7,402 shares during the last quarter. Finally, Condor Capital Management acquired a new stake in shares of World Quantum Growth Acquisition in the first quarter valued at about $44,000. 47.83% of the stock is owned by institutional investors and hedge funds.

World Quantum Growth Acquisition Trading Up ∞

World Quantum Growth Acquisition stock traded up $9.96 during mid-day trading on Monday, hitting $9.96. 200 shares of the company's stock were exchanged, compared to its average volume of 44,665. World Quantum Growth Acquisition has a 1-year low of $9.76 and a 1-year high of $10.20. The stock has a 50 day moving average of $9.92 and a two-hundred day moving average of $9.89.

World Quantum Growth Acquisition Company Profile

World Quantum Growth Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the financial services and the financial technology sectors in the United States, Europe, the Middle East, and Africa.

Further Reading

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