Relativity Acquisition Corp. (NASDAQ:RACY – Get Rating) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,500 shares, an increase of 25.0% from the August 15th total of 1,200 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 22,500 shares, the short-interest ratio is currently 0.1 days.

Relativity Acquisition Price Performance

Shares of NASDAQ RACY remained flat at $10.06 during midday trading on Friday. 20 shares of the company traded hands, compared to its average volume of 16,179. Relativity Acquisition has a one year low of $9.94 and a one year high of $10.08. The company has a 50-day moving average of $10.03.

Institutional Trading of Relativity Acquisition

Hedge funds have recently bought and sold shares of the company. MMCAP International Inc. SPC purchased a new position in shares of Relativity Acquisition during the 2nd quarter worth about $6,747,000. Hudson Bay Capital Management LP acquired a new stake in Relativity Acquisition in the 2nd quarter worth approximately $6,747,000. CVI Holdings LLC acquired a new stake in Relativity Acquisition during the 2nd quarter worth about $4,028,000. Cubist Systematic Strategies LLC purchased a new stake in Relativity Acquisition in the second quarter valued at approximately $3,830,000. Finally, Karpus Management Inc. purchased a new position in shares of Relativity Acquisition during the second quarter worth $2,106,000. Hedge funds and other institutional investors own 61.38% of the company's stock.

About Relativity Acquisition

Relativity Acquisition Corp. does not have significant operations. It focuses on effecting a capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the cannabis industry. The company was incorporated in 2021 and is based in Las Vegas, Nevada.

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