Frontier Acquisition Corp. (NASDAQ:FRON – Get Rating) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 44,400 shares, a growth of 15.9% from the August 15th total of 38,300 shares. Currently, 0.2% of the company's shares are sold short. Based on an average daily trading volume, of 17,300 shares, the days-to-cover ratio is currently 2.6 days.
Hedge Funds Weigh In On Frontier Acquisition
Hedge funds have recently added to or reduced their stakes in the company. Centiva Capital LP bought a new stake in Frontier Acquisition during the second quarter worth approximately $100,000. Mint Tower Capital Management B.V. bought a new stake in Frontier Acquisition during the second quarter worth approximately $491,000. Verition Fund Management LLC bought a new stake in Frontier Acquisition during the first quarter worth approximately $704,000. Berkley W R Corp boosted its position in Frontier Acquisition by 190.5% during the first quarter. Berkley W R Corp now owns 99,888 shares of the company's stock worth $977,000 after purchasing an additional 65,500 shares during the period. Finally, P Schoenfeld Asset Management LP bought a new stake in Frontier Acquisition during the first quarter worth approximately $979,000. Institutional investors and hedge funds own 58.29% of the company's stock.
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Frontier Acquisition Price Performance
Shares of FRON traded up $0.01 during trading hours on Friday, reaching $9.89. The company's stock had a trading volume of 18,648 shares, compared to its average volume of 28,429. Frontier Acquisition has a 1-year low of $9.66 and a 1-year high of $9.97. The company has a 50 day moving average of $9.85 and a two-hundred day moving average of $9.81.
About Frontier Acquisition
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Frontier Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.
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