Abri SPAC I, Inc. (NASDAQ:ASPA – Get Rating) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 6,300 shares, a decrease of 32.3% from the August 15th total of 9,300 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 26,900 shares, the short-interest ratio is presently 0.2 days.

Abri SPAC I Price Performance

NASDAQ:ASPA opened at $10.02 on Friday. Abri SPAC I has a 12-month low of $9.72 and a 12-month high of $10.45. The firm has a 50-day moving average price of $10.00 and a 200 day moving average price of $9.95.

Institutional Trading of Abri SPAC I

Several hedge funds have recently modified their holdings of the company. Karpus Management Inc. increased its holdings in shares of Abri SPAC I by 792.3% during the fourth quarter. Karpus Management Inc. now owns 731,700 shares of the company's stock worth $7,200,000 after buying an additional 649,700 shares in the last quarter. Saba Capital Management L.P. increased its holdings in shares of Abri SPAC I by 1.9% in the first quarter. Saba Capital Management L.P. now owns 415,453 shares of the company's stock valued at $4,113,000 after purchasing an additional 7,551 shares in the last quarter. Murchinson Ltd. acquired a new stake in shares of Abri SPAC I in the fourth quarter valued at approximately $2,952,000. Bank of America Corp DE acquired a new stake in shares of Abri SPAC I in the fourth quarter valued at approximately $2,066,000. Finally, CVI Holdings LLC increased its holdings in shares of Abri SPAC I by 12.6% in the second quarter. CVI Holdings LLC now owns 200,686 shares of the company's stock valued at $1,995,000 after purchasing an additional 22,528 shares in the last quarter. Institutional investors and hedge funds own 73.37% of the company's stock.

About Abri SPAC I

Abri SPAC I, Inc intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination involving one or more businesses or assets. It focuses on identifying companies that provides power transformation and technology in a range of managed industries, including financial/insurance services.

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