Redwoods Acquisition Corp. (NASDAQ:RWOD – Get Rating) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 600 shares, a decline of 14.3% from the February 13th total of 700 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 81,000 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Redwoods Acquisition

Institutional investors have recently made changes to their positions in the business. Shaolin Capital Management LLC acquired a new stake in shares of Redwoods Acquisition during the 3rd quarter valued at about $9,003,000. Karpus Management Inc. acquired a new stake in shares of Redwoods Acquisition during the 2nd quarter valued at about $1,148,000. MMCAP International Inc. SPC acquired a new stake in shares of Redwoods Acquisition during the 2nd quarter valued at about $7,904,000. Marshall Wace LLP boosted its position in Redwoods Acquisition by 0.8% in the third quarter. Marshall Wace LLP now owns 200,665 shares of the company's stock valued at $1,993,000 after buying an additional 1,665 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in Redwoods Acquisition in the second quarter valued at about $296,000. 17.46% of the stock is currently owned by institutional investors and hedge funds.

Redwoods Acquisition Stock Performance

Shares of Redwoods Acquisition stock remained flat at $10.24 during trading on Tuesday. 2,797 shares of the stock traded hands. The business's fifty day simple moving average is $10.20 and its two-hundred day simple moving average is $10.04. Redwoods Acquisition has a 1-year low of $9.78 and a 1-year high of $11.06.

About Redwoods Acquisition

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Redwoods Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. In intends to focus on businesses in the carbon neutral and energy storage industries.

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