Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA – Get Rating) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 800 shares, a drop of 20.0% from the August 31st total of 1,000 shares. Based on an average trading volume of 28,000 shares, the days-to-cover ratio is presently 0.0 days.

Mountain & Co. I Acquisition Corp. Trading Up 0.1 %

NASDAQ MCAA traded up $0.01 during trading on Friday, reaching $10.23. 8,514 shares of the company's stock were exchanged, compared to its average volume of 12,614. Mountain & Co. I Acquisition Corp. has a fifty-two week low of $9.96 and a fifty-two week high of $10.60. The company's fifty day simple moving average is $10.19 and its 200-day simple moving average is $10.14.

Institutional Investors Weigh In On Mountain & Co. I Acquisition Corp.

Several institutional investors have recently made changes to their positions in MCAA. Saba Capital Management L.P. acquired a new stake in shares of Mountain & Co. I Acquisition Corp. during the 4th quarter valued at about $16,500,000. Wolverine Asset Management LLC acquired a new stake in shares of Mountain & Co. I Acquisition Corp. during the 1st quarter valued at about $6,330,000. MMCAP International Inc. SPC acquired a new stake in Mountain & Co. I Acquisition Corp. in the 1st quarter worth approximately $4,568,000. Apollo Management Holdings L.P. acquired a new stake in Mountain & Co. I Acquisition Corp. in the 1st quarter worth approximately $4,536,000. Finally, Starboard Value LP acquired a new stake in Mountain & Co. I Acquisition Corp. in the 1st quarter worth approximately $4,423,000. 62.14% of the stock is currently owned by institutional investors and hedge funds.

About Mountain & Co. I Acquisition Corp.

Mountain & Co I Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities in consumer Internet and B2B digital infrastructure sectors.

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