Minority Equality Opportunities Acquisition Inc. (NASDAQ:MEOA – Get Rating) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 21,700 shares, a growth of 2,311.1% from the August 31st total of 900 shares. Based on an average trading volume of 19,900 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the company's stock are sold short.

Minority Equality Opportunities Acquisition Price Performance

Shares of NASDAQ:MEOA opened at $10.14 on Wednesday. Minority Equality Opportunities Acquisition has a 52-week low of $9.91 and a 52-week high of $10.78. The stock has a 50 day moving average price of $10.14 and a 200-day moving average price of $10.09.

Institutional Trading of Minority Equality Opportunities Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in MEOA. Karpus Management Inc. purchased a new stake in shares of Minority Equality Opportunities Acquisition in the 4th quarter worth approximately $11,503,000. Saba Capital Management L.P. purchased a new stake in shares of Minority Equality Opportunities Acquisition in the 4th quarter worth approximately $8,892,000. Beryl Capital Management LLC purchased a new stake in shares of Minority Equality Opportunities Acquisition in the 4th quarter worth approximately $7,311,000. Millennium Management LLC grew its stake in shares of Minority Equality Opportunities Acquisition by 489.0% in the 2nd quarter. Millennium Management LLC now owns 647,941 shares of the company's stock worth $6,564,000 after buying an additional 537,941 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Minority Equality Opportunities Acquisition in the 4th quarter worth approximately $3,639,000. Hedge funds and other institutional investors own 69.46% of the company's stock.

About Minority Equality Opportunities Acquisition

Minority Equality Opportunities Acquisition Inc does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Waxahachie, Texas.

Further Reading

• Get a free copy of the StockNews.com research report on Minority Equality Opportunities Acquisition (MEOA)
• Defensive Stocks For A Volatile Market
• Will UPS Be Next to Deliver a Warning?
• SunPower Is Ready To Power Up Triple-Digit Earnings Gains
• Is This the Darkest Before the Dawn for Gap Stock?
• Build A Better Tech Portfolio With Jabil Inc.

Receive News & Ratings for Minority Equality Opportunities Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Minority Equality Opportunities Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.