Fat Projects Acquisition Corp (NASDAQ:FATP – Get Rating) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 11,200 shares, an increase of 80.6% from the October 31st total of 6,200 shares. Based on an average daily volume of 27,700 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company's stock are short sold.
Fat Projects Acquisition Stock Performance
Shares of FATP stock remained flat at $10.08 on Tuesday. The firm's 50 day simple moving average is $10.01 and its 200-day simple moving average is $9.95. Fat Projects Acquisition has a 1-year low of $9.69 and a 1-year high of $10.08.
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Hedge Funds Weigh In On Fat Projects Acquisition
A number of institutional investors and hedge funds have recently modified their holdings of the company. Cohanzick Management LLC acquired a new position in shares of Fat Projects Acquisition during the first quarter worth $282,000. Goldman Sachs Group Inc. acquired a new position in shares of Fat Projects Acquisition during the first quarter worth $553,000. Periscope Capital Inc. grew its stake in shares of Fat Projects Acquisition by 10.0% during the third quarter. Periscope Capital Inc. now owns 826,584 shares of the company's stock worth $8,237,000 after purchasing an additional 75,000 shares in the last quarter. RPO LLC grew its stake in shares of Fat Projects Acquisition by 22.1% during the second quarter. RPO LLC now owns 521,197 shares of the company's stock worth $5,170,000 after purchasing an additional 94,280 shares in the last quarter. Finally, Arena Investors LP acquired a new position in shares of Fat Projects Acquisition during the first quarter worth $1,041,000. Institutional investors and hedge funds own 80.65% of the company's stock.
Fat Projects Acquisition Company Profile
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Fat Projects 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. It intends to identify business opportunities in the field of the supply chain, transportation, logistics, finance, sustainability/ESG, food, agriculture, e-commerce, and big data and/or monetization areas in Southeast Asia.
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