MSD Acquisition Corp. (NASDAQ:MSDA – Get Rating) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 3,900 shares, an increase of 30.0% from the September 15th total of 3,000 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 79,400 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. PenderFund Capital Management Ltd. acquired a new position in shares of MSD Acquisition in the 1st quarter valued at $77,000. Millennium Management LLC raised its stake in MSD Acquisition by 0.4% during the 2nd quarter. Millennium Management LLC now owns 1,569,986 shares of the company's stock worth $15,370,000 after buying an additional 6,455 shares during the period. OLD Mission Capital LLC acquired a new stake in MSD Acquisition during the 2nd quarter worth $110,000. UBS Group AG raised its stake in MSD Acquisition by 304,500.0% during the 1st quarter. UBS Group AG now owns 12,184 shares of the company's stock worth $119,000 after buying an additional 12,180 shares during the period. Finally, Sculptor Capital LP raised its stake in MSD Acquisition by 1.2% during the 1st quarter. Sculptor Capital LP now owns 1,015,990 shares of the company's stock worth $9,956,000 after buying an additional 12,192 shares during the period. Institutional investors and hedge funds own 52.53% of the company's stock.
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MSD Acquisition Price Performance
MSDA stock opened at $9.91 on Tuesday. The business's fifty day moving average is $9.88 and its 200-day moving average is $9.83. MSD Acquisition has a twelve month low of $9.68 and a twelve month high of $10.17.
About MSD Acquisition
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MSD 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 in the technology and media sectors. The company was incorporated in 2021 and is based in New York, New York.
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