Mount Rainier Acquisition Corp. (NASDAQ:RNER – Get Rating) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 10,300 shares, an increase of 368.2% from the December 31st total of 2,200 shares. Based on an average trading volume of 50,200 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Mount Rainier Acquisition Trading Down 4.0 %

Shares of RNER stock traded down $0.40 during mid-day trading on Friday, reaching $9.63. 3,692 shares of the company's stock traded hands, compared to its average volume of 37,918. Mount Rainier Acquisition has a 12 month low of $7.88 and a 12 month high of $16.98. The firm has a 50 day moving average price of $10.00 and a two-hundred day moving average price of $10.06.

Institutional Investors Weigh In On Mount Rainier Acquisition

Hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC grew its position in shares of Mount Rainier Acquisition by 0.5% during the 2nd quarter. Wolverine Asset Management LLC now owns 370,480 shares of the company's stock valued at $3,727,000 after acquiring an additional 1,883 shares during the period. Mizuho Securities USA LLC bought a new stake in shares of Mount Rainier Acquisition during the 2nd quarter valued at $606,000. Rivernorth Capital Management LLC bought a new stake in shares of Mount Rainier Acquisition during the 1st quarter valued at $2,243,000. Bank of America Corp DE bought a new stake in shares of Mount Rainier Acquisition during the 1st quarter valued at $998,000. Finally, UBS Group AG bought a new stake in shares of Mount Rainier Acquisition during the 1st quarter valued at $32,000. Institutional investors own 66.74% of the company's stock.

Mount Rainier Acquisition Company Profile

Mount Rainier Acquisition Corp. intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on technology focused businesses. Mount Rainier Acquisition Corp.

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