Sierra Lake Acquisition Corp. (NASDAQ:SIER – Get Rating) saw a significant increase in short interest in July. As of July 31st, there was short interest totalling 13,200 shares, an increase of 149.1% from the July 15th total of 5,300 shares. Based on an average trading volume of 78,700 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company's stock are sold short.
Sierra Lake Acquisition Price Performance
Shares of NASDAQ:SIER remained flat at $9.95 during midday trading on Thursday. 15,409 shares of the stock traded hands, compared to its average volume of 71,295. The business's 50 day moving average price is $9.91 and its 200 day moving average price is $9.87. Sierra Lake Acquisition has a one year low of $9.65 and a one year high of $10.40.
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Institutional Investors Weigh In On Sierra Lake Acquisition
A number of institutional investors have recently added to or reduced their stakes in SIER. Wolverine Asset Management LLC bought a new stake in Sierra Lake Acquisition in the 4th quarter worth about $1,112,000. MMCAP International Inc. SPC bought a new stake in Sierra Lake Acquisition in the 4th quarter worth about $14,377,000. Picton Mahoney Asset Management bought a new stake in Sierra Lake Acquisition in the 4th quarter worth about $2,445,000. Owl Creek Asset Management L.P. bought a new stake in Sierra Lake Acquisition in the 4th quarter worth about $14,377,000. Finally, Radcliffe Capital Management L.P. bought a new stake in Sierra Lake Acquisition in the 4th quarter worth about $14,181,000.
Sierra Lake Acquisition Company Profile
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Sierra Lake 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. Sierra Lake Acquisition Corp. was incorporated in 2021 and is based in Chicago, Illinois.
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