Levere Holdings Corp. (NASDAQ:LVRA – Get Rating) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 7,400 shares, a drop of 10.8% from the November 15th total of 8,300 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 28,800 shares, the short-interest ratio is presently 0.3 days.

Levere Trading Up 0.3 %

LVRA opened at $10.07 on Monday. Levere has a one year low of $9.67 and a one year high of $10.30. The business's 50-day simple moving average is $9.98 and its 200-day simple moving average is $9.89.

Institutional Investors Weigh In On Levere

A number of institutional investors have recently added to or reduced their stakes in the business. Saba Capital Management L.P. boosted its holdings in Levere by 0.5% in the 3rd quarter. Saba Capital Management L.P. now owns 756,901 shares of the company's stock valued at $7,493,000 after purchasing an additional 3,800 shares in the last quarter. Cohanzick Management LLC acquired a new position in shares of Levere during the 1st quarter worth approximately $103,000. Wolverine Asset Management LLC acquired a new position in shares of Levere during the 3rd quarter worth approximately $113,000. First Trust Capital Management L.P. acquired a new position in Levere in the 3rd quarter valued at $165,000. Finally, Aristeia Capital LLC raised its holdings in Levere by 2.2% in the 3rd quarter. Aristeia Capital LLC now owns 1,137,598 shares of the company's stock valued at $11,262,000 after acquiring an additional 25,000 shares during the last quarter. Hedge funds and other institutional investors own 60.64% of the company's stock.

Levere Company Profile

Levere Holdings Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses to identify and acquire business operating in the mobility sector, including the development of autonomous driving, connected vehicles, mobility services, and electric vehicles in the Europe, the Middle East, and Africa.

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