Maquia Capital Acquisition Co. (NASDAQ:MAQC – Get Rating) was the recipient of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 82,400 shares, an increase of 2,475.0% from the November 15th total of 3,200 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average trading volume of 15,600 shares, the days-to-cover ratio is presently 5.3 days.
Hedge Funds Weigh In On Maquia Capital Acquisition
Hedge funds have recently modified their holdings of the company. Hudson Bay Capital Management LP grew its holdings in shares of Maquia Capital Acquisition by 14.7% in the 2nd quarter. Hudson Bay Capital Management LP now owns 855,872 shares of the company's stock worth $8,747,000 after acquiring an additional 109,567 shares during the last quarter. Berkley W R Corp boosted its position in shares of Maquia Capital Acquisition by 6.9% in the first quarter. Berkley W R Corp now owns 834,964 shares of the company's stock worth $8,458,000 after buying an additional 53,957 shares during the period. Verition Fund Management LLC boosted its position in shares of Maquia Capital Acquisition by 104.9% in the first quarter. Verition Fund Management LLC now owns 320,000 shares of the company's stock worth $3,245,000 after buying an additional 163,790 shares during the period. Karpus Management Inc. boosted its position in shares of Maquia Capital Acquisition by 19.6% in the first quarter. Karpus Management Inc. now owns 148,449 shares of the company's stock worth $1,504,000 after buying an additional 24,279 shares during the period. Finally, Kohlberg Kravis Roberts & Co. L.P. boosted its position in shares of Maquia Capital Acquisition by 154.4% in the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 25,437 shares of the company's stock worth $258,000 after buying an additional 15,437 shares during the period.
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Maquia Capital Acquisition Stock Up 0.7 %
Shares of MAQC stock traded up $0.07 during mid-day trading on Monday, hitting $10.62. 200 shares of the stock traded hands, compared to its average volume of 66,817. Maquia Capital Acquisition has a twelve month low of $10.00 and a twelve month high of $10.65. The company's 50-day simple moving average is $10.42 and its 200-day simple moving average is $10.32.
About Maquia Capital Acquisition
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Maquia Capital Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on technology-focused middle market and emerging growth companies in North America.
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