Worldwide Webb Acquisition Corp. (NASDAQ:WWAC – Get Rating) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 5,000 shares, a drop of 13.8% from the August 31st total of 5,800 shares. Based on an average daily volume of 18,900 shares, the days-to-cover ratio is currently 0.3 days.
Worldwide Webb Acquisition Price Performance
WWAC opened at $10.00 on Thursday. The company's 50 day simple moving average is $9.94 and its two-hundred day simple moving average is $9.88. Worldwide Webb Acquisition has a 1-year low of $9.70 and a 1-year high of $10.00.
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Institutional Trading of Worldwide Webb Acquisition
Several institutional investors have recently made changes to their positions in WWAC. Wolverine Asset Management LLC purchased a new stake in shares of Worldwide Webb Acquisition during the 1st quarter valued at approximately $121,000. Saba Capital Management L.P. purchased a new stake in shares of Worldwide Webb Acquisition during the 1st quarter valued at approximately $206,000. Cohanzick Management LLC increased its holdings in Worldwide Webb Acquisition by 138.6% in the 1st quarter. Cohanzick Management LLC now owns 23,711 shares of the company's stock valued at $234,000 after purchasing an additional 13,773 shares during the last quarter. Granby Capital Management LLC acquired a new stake in Worldwide Webb Acquisition in the 1st quarter valued at approximately $246,000. Finally, Bank of Montreal Can acquired a new stake in Worldwide Webb Acquisition in the 2nd quarter valued at approximately $298,000. Hedge funds and other institutional investors own 66.26% of the company's stock.
Worldwide Webb Acquisition Company Profile
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Worldwide Webb Acquisition Corp. does not have significant operations. It 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 direct-to-consumer brands, amazon-centric, online marketplace, food tech, new media, digital health, software-as-a-service, fintech, and others.
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