Newcourt Acquisition Corp (NASDAQ:NCAC – Get Rating) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 5,000 shares, a decline of 16.7% from the November 30th total of 6,000 shares. Based on an average daily trading volume, of 85,400 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's stock are sold short.

Newcourt Acquisition Stock Performance

Shares of NCAC stock opened at $10.28 on Tuesday. Newcourt Acquisition has a 1-year low of $9.87 and a 1-year high of $10.55. The stock's fifty day moving average price is $10.25 and its 200 day moving average price is $10.15.

Institutional Trading of Newcourt Acquisition

Several large investors have recently added to or reduced their stakes in NCAC. Bank of Montreal Can purchased a new stake in Newcourt Acquisition during the 1st quarter valued at about $749,000. Granby Capital Management LLC purchased a new stake in Newcourt Acquisition during the 1st quarter valued at about $250,000. Basso Capital Management L.P. purchased a new stake in Newcourt Acquisition during the 1st quarter valued at about $1,183,000. Verition Fund Management LLC purchased a new stake in Newcourt Acquisition during the 1st quarter valued at about $896,000. Finally, Prelude Capital Management LLC purchased a new stake in Newcourt Acquisition during the 1st quarter valued at about $226,000. Hedge funds and other institutional investors own 80.70% of the company's stock.

About Newcourt Acquisition

Newcourt Acquisition Corp does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Oakland, California.

Featured Stories

• Get a free copy of the StockNews.com research report on Newcourt Acquisition (NCAC)
• Should You Store Your Capital in Pure Storage Stock?
• Is it Time to Back up the Truck on Ford Stock?
• Walt Disney Stock Looks Marvelous Down
• Analysts Ring In The New Year With These 2 Q3 Winners
• Could 2023 Bring a Mega Comeback for MegaCaps?

Receive News & Ratings for Newcourt Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newcourt Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.