SOAR Technology Acquisition Corp. (NYSE:FLYA – Get Rating) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 2,700 shares, a growth of 12.5% from the August 15th total of 2,400 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 18,000 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On SOAR Technology Acquisition

Several institutional investors have recently bought and sold shares of FLYA. Bank of Montreal Can acquired a new position in SOAR Technology Acquisition in the 4th quarter valued at about $2,489,000. Beryl Capital Management LLC acquired a new position in SOAR Technology Acquisition in the 4th quarter valued at about $1,638,000. Centiva Capital LP acquired a new position in SOAR Technology Acquisition in the 2nd quarter valued at about $897,000. Goldman Sachs Group Inc. acquired a new position in SOAR Technology Acquisition in the 1st quarter valued at about $158,000. Finally, Cubist Systematic Strategies LLC acquired a new position in SOAR Technology Acquisition in the 2nd quarter valued at about $144,000. 62.69% of the stock is owned by institutional investors and hedge funds.

SOAR Technology Acquisition Price Performance

Shares of NYSE:FLYA opened at $10.26 on Wednesday. The business has a 50-day moving average price of $10.22 and a 200 day moving average price of $10.17. SOAR Technology Acquisition has a 12-month low of $9.95 and a 12-month high of $10.31.

About SOAR Technology Acquisition

SOAR Technology Acquisition Corp. does not 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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