Liberty Resources Acquisition Corp. (NASDAQ:LIBY – Get Rating) saw a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 1,100 shares, a decline of 89.4% from the July 31st total of 10,400 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 22,200 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Liberty Resources Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of LIBY. Saba Capital Management L.P. purchased a new position in shares of Liberty Resources Acquisition during the fourth quarter valued at about $9,371,000. Nomura Holdings Inc. purchased a new stake in Liberty Resources Acquisition in the first quarter worth about $5,735,000. Starboard Value LP purchased a new stake in Liberty Resources Acquisition in the first quarter worth about $4,979,000. Oaktree Capital Management LP purchased a new stake in Liberty Resources Acquisition in the fourth quarter worth about $3,212,000. Finally, Context Capital Management LLC purchased a new stake in Liberty Resources Acquisition in the first quarter worth about $2,763,000. Hedge funds and other institutional investors own 33.02% of the company's stock.

Liberty Resources Acquisition Stock Performance

Shares of NASDAQ LIBY opened at $10.01 on Friday. Liberty Resources Acquisition has a 1 year low of $9.78 and a 1 year high of $10.10. The company's 50-day moving average is $10.02 and its 200 day moving average is $9.99.

Liberty Resources Acquisition Company Profile

Liberty Resources Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the oil and gas sectors. The company was incorporated in 2021 and is based in Miami, Florida.

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