SHUAA Partners Acquisition Corp I (NASDAQ:SHUA – Get Rating) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 10,400 shares, an increase of 28.4% from the October 15th total of 8,100 shares. Based on an average daily volume of 9,700 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC bought a new position in shares of SHUAA Partners Acquisition Corp I in the second quarter valued at approximately $298,000. Exos Asset Management LLC bought a new position in shares of SHUAA Partners Acquisition Corp I in the second quarter valued at approximately $334,000. Karpus Management Inc. bought a new position in shares of SHUAA Partners Acquisition Corp I in the second quarter valued at approximately $500,000. OLD Mission Capital LLC bought a new position in shares of SHUAA Partners Acquisition Corp I in the second quarter valued at approximately $750,000. Finally, Skaana Management L.P. acquired a new stake in SHUAA Partners Acquisition Corp I during the second quarter valued at approximately $834,000.

SHUAA Partners Acquisition Corp I Trading Up 0.2 %

NASDAQ SHUA traded up $0.02 on Monday, hitting $10.21. The stock had a trading volume of 20 shares, compared to its average volume of 32,690. SHUAA Partners Acquisition Corp I has a one year low of $9.93 and a one year high of $10.21. The firm's 50-day simple moving average is $10.13.

About SHUAA Partners Acquisition Corp I

SHUAA Partners Acquisition Corp I focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in the technology and/or tech-enabled financial services sectors. The company was incorporated in 2021 and is based in George Town, Cayman Islands.

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