Fat Projects Acquisition Corp (NASDAQ:FATP – Get Rating) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 8,500 shares, a decrease of 70.3% from the March 31st total of 28,600 shares. Currently, 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 27,300 shares, the days-to-cover ratio is presently 0.3 days.

Insider Buying and Selling at Fat Projects Acquisition

In other Fat Projects Acquisition news, major shareholder Aqr Capital Management Holding sold 48,185 shares of the company's stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $10.90, for a total transaction of $525,216.50. Following the sale, the insider now owns 384 shares in the company, valued at $4,185.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 17.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fat Projects Acquisition

Institutional investors have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. bought a new position in shares of Fat Projects Acquisition during the fourth quarter valued at approximately $347,000. Goldman Sachs Group Inc. bought a new position in shares of Fat Projects Acquisition during the first quarter valued at approximately $553,000. Radcliffe Capital Management L.P. bought a new position in shares of Fat Projects Acquisition during the fourth quarter valued at approximately $571,000. Glazer Capital LLC bought a new position in Fat Projects Acquisition in the 1st quarter worth approximately $2,197,000. Finally, Centiva Capital LP bought a new position in Fat Projects Acquisition in the 4th quarter worth approximately $2,539,000. 78.00% of the stock is owned by institutional investors.

Fat Projects Acquisition Stock Up 0.1 %

Shares of NASDAQ:FATP traded up $0.01 during trading on Friday, hitting $10.53. 46,986 shares of the company traded hands, compared to its average volume of 67,973. The business's fifty day moving average is $10.49 and its 200-day moving average is $10.26. Fat Projects Acquisition has a one year low of $9.86 and a one year high of $12.27.

About Fat Projects Acquisition

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Fat Projects Acquisition Corp does not have significant operations. The company 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 identify business opportunities in the field of the supply chain, transportation, logistics, finance, sustainability/ESG, food, agriculture, e-commerce, and big data and/or monetization areas in Southeast Asia.

Further Reading

• Get a free copy of the StockNews.com research report on Fat Projects Acquisition (FATP)
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