UTA Acquisition Co. (NASDAQ:UTAA – Get Rating) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 25,000 shares, a growth of 163.2% from the November 15th total of 9,500 shares. Based on an average daily trading volume, of 77,700 shares, the short-interest ratio is currently 0.3 days.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fort Baker Capital Management LP increased its holdings in UTA Acquisition by 0.4% in the third quarter. Fort Baker Capital Management LP now owns 1,784,266 shares of the company's stock valued at $17,879,000 after buying an additional 7,200 shares in the last quarter. Robinson Capital Management LLC purchased a new stake in shares of UTA Acquisition during the third quarter worth about $120,000. Caas Capital Management LP purchased a new stake in shares of UTA Acquisition during the third quarter worth about $151,000. Walleye Capital LLC increased its stake in shares of UTA Acquisition by 15.7% during the second quarter. Walleye Capital LLC now owns 144,525 shares of the company's stock worth $1,434,000 after purchasing an additional 19,648 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of UTA Acquisition during the second quarter worth about $246,000. Hedge funds and other institutional investors own 45.70% of the company's stock.
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UTA Acquisition Price Performance
UTAA opened at $10.16 on Tuesday. UTA Acquisition has a fifty-two week low of $9.72 and a fifty-two week high of $10.31. The company has a fifty day moving average of $10.10 and a two-hundred day moving average of $10.01.
UTA Acquisition Company Profile
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UTA Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business operating in the gaming, digital media, creator economy, entertainment, and technology industries.
Further Reading
- Get a free copy of the StockNews.com research report on UTA Acquisition (UTAA)
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