SportsMap Tech Acquisition Corp. (NASDAQ:SMAP – Get Rating) was the recipient of a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 3,000 shares, a drop of 75.4% from the July 31st total of 12,200 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 15,400 shares, the days-to-cover ratio is presently 0.2 days.
SportsMap Tech Acquisition Stock Performance
SMAP traded down $0.01 on Friday, hitting $9.97. The company had a trading volume of 1,000 shares, compared to its average volume of 2,484. SportsMap Tech Acquisition has a 52-week low of $9.79 and a 52-week high of $10.88. The stock has a fifty day simple moving average of $9.97 and a 200-day simple moving average of $9.93.
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Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in SMAP. UBS Group AG increased its position in SportsMap Tech Acquisition by 1,419.9% during the first quarter. UBS Group AG now owns 5,031 shares of the company's stock valued at $50,000 after acquiring an additional 4,700 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new position in SportsMap Tech Acquisition in the 1st quarter worth $103,000. Centiva Capital LP purchased a new stake in shares of SportsMap Tech Acquisition in the 2nd quarter valued at $148,000. OTA Financial Group L.P. purchased a new stake in shares of SportsMap Tech Acquisition in the 2nd quarter valued at $261,000. Finally, Basso Capital Management L.P. boosted its holdings in SportsMap Tech Acquisition by 23.9% during the first quarter. Basso Capital Management L.P. now owns 38,288 shares of the company's stock worth $379,000 after buying an additional 7,376 shares in the last quarter.
About SportsMap Tech Acquisition
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SportsMap Tech Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is headquartered in Houston, Texas.
Further Reading
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