Levere Holdings Corp. (NASDAQ:LVRA – Get Rating) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 12,800 shares, an increase of 73.0% from the November 30th total of 7,400 shares. Based on an average daily volume of 30,000 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company's stock are sold short.
Institutional Trading of Levere
Hedge funds and other institutional investors have recently bought and sold shares of the business. Glazer Capital LLC boosted its position in Levere by 7.0% during the third quarter. Glazer Capital LLC now owns 2,694,642 shares of the company's stock valued at $26,677,000 after purchasing an additional 176,089 shares in the last quarter. Aristeia Capital LLC raised its position in Levere by 2.2% during the third quarter. Aristeia Capital LLC now owns 1,137,598 shares of the company's stock valued at $11,262,000 after acquiring an additional 25,000 shares in the last quarter. BNP Paribas Arbitrage SNC purchased a new position in Levere during the third quarter valued at approximately $7,433,000. Saba Capital Management L.P. raised its position in Levere by 0.5% during the third quarter. Saba Capital Management L.P. now owns 756,901 shares of the company's stock valued at $7,493,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Levere by 375.2% in the first quarter. Bank of America Corp DE now owns 570,199 shares of the company's stock valued at $5,593,000 after buying an additional 450,200 shares in the last quarter. Hedge funds and other institutional investors own 67.16% of the company's stock.
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Levere Price Performance
Shares of NASDAQ:LVRA opened at $10.08 on Friday. Levere has a fifty-two week low of $9.67 and a fifty-two week high of $10.30. The business has a 50-day simple moving average of $10.01 and a two-hundred day simple moving average of $9.91.
Levere (NASDAQ:LVRA – Get Rating) last posted its quarterly earnings results on Tuesday, November 8th. The company reported $0.05 earnings per share for the quarter.
Levere Company Profile
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Levere Holdings Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It focuses to identify and acquire business operating in the mobility sector, including the development of autonomous driving, connected vehicles, mobility services, and electric vehicles in the Europe, the Middle East, and Africa.
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