McLaren Technology Acquisition Corp. (NASDAQ:MLAI – Get Rating) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 19,400 shares, a growth of 39.6% from the November 30th total of 13,900 shares. Based on an average daily trading volume, of 35,000 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company's shares are sold short.

McLaren Technology Acquisition Stock Up 0.1 %

Shares of MLAI opened at $10.21 on Monday. The stock's fifty day simple moving average is $10.14 and its 200-day simple moving average is $10.07. McLaren Technology Acquisition has a 12-month low of $9.85 and a 12-month high of $10.55.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MLAI. Kingsview Wealth Management LLC acquired a new stake in shares of McLaren Technology Acquisition during the 3rd quarter worth approximately $244,000. WA Asset Management LLC bought a new position in McLaren Technology Acquisition in the third quarter valued at approximately $167,000. State Street Corp grew its holdings in McLaren Technology Acquisition by 29.2% during the 3rd quarter. State Street Corp now owns 20,369 shares of the company's stock worth $205,000 after acquiring an additional 4,600 shares during the period. Pathstone Family Office LLC acquired a new stake in McLaren Technology Acquisition during the 3rd quarter worth $96,000. Finally, Shaolin Capital Management LLC bought a new stake in shares of McLaren Technology Acquisition during the 3rd quarter valued at $1,503,000. 66.23% of the stock is currently owned by institutional investors and hedge funds.

McLaren Technology Acquisition Company Profile

McLaren Technology Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to focus on companies within the banking, financial services, and insurance sector that leverage artificial intelligence, machine learning, digital, technology, and fintech.

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