SHUAA Partners Acquisition Corp I (NASDAQ:SHUA – Get Rating) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 18,400 shares, a growth of 68.8% from the November 15th total of 10,900 shares. Based on an average daily trading volume, of 8,200 shares, the short-interest ratio is currently 2.2 days.

SHUAA Partners Acquisition Corp I Stock Performance

SHUAA Partners Acquisition Corp I stock remained flat at $10.27 during trading on Wednesday. 2 shares of the company were exchanged, compared to its average volume of 27,423. The company has a fifty day moving average of $10.19 and a 200-day moving average of $10.08. SHUAA Partners Acquisition Corp I has a 1 year low of $9.93 and a 1 year high of $10.29.

Institutional Trading of SHUAA Partners Acquisition Corp I

Institutional investors have recently modified their holdings of the stock. Shaolin Capital Management LLC purchased a new stake in SHUAA Partners Acquisition Corp I during the 3rd quarter worth approximately $5,014,000. Starboard Value LP acquired a new stake in shares of SHUAA Partners Acquisition Corp I in the second quarter worth approximately $4,473,000. Linden Advisors LP purchased a new stake in shares of SHUAA Partners Acquisition Corp I during the second quarter worth approximately $2,696,000. Cubist Systematic Strategies LLC raised its stake in SHUAA Partners Acquisition Corp I by 170.8% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 231,758 shares of the company's stock valued at $2,348,000 after purchasing an additional 146,188 shares during the last quarter. Finally, Spartan Fund Management Inc. purchased a new position in SHUAA Partners Acquisition Corp I in the 3rd quarter valued at $1,521,000.

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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