NorthView Acquisition Co. (NASDAQ:NVAC – Get Rating) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 12,100 shares, a growth of 17.5% from the November 30th total of 10,300 shares. Based on an average daily volume of 13,800 shares, the short-interest ratio is presently 0.9 days. Currently, 0.1% of the shares of the company are short sold.
Hedge Funds Weigh In On NorthView Acquisition
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Saba Capital Management L.P. acquired a new position in shares of NorthView Acquisition in the 1st quarter valued at approximately $11,618,000. Fir Tree Capital Management LP acquired a new position in NorthView Acquisition during the 1st quarter worth approximately $8,353,000. Wolverine Asset Management LLC increased its position in NorthView Acquisition by 2.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 689,411 shares of the company's stock worth $6,852,000 after purchasing an additional 15,572 shares in the last quarter. Karpus Management Inc. increased its position in NorthView Acquisition by 5.1% during the 2nd quarter. Karpus Management Inc. now owns 600,475 shares of the company's stock worth $5,921,000 after purchasing an additional 29,400 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in NorthView Acquisition during the 1st quarter worth approximately $3,940,000. 69.73% of the stock is currently owned by institutional investors and hedge funds.
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NorthView Acquisition Stock Performance
Shares of NASDAQ:NVAC opened at $10.13 on Monday. The firm has a 50 day moving average of $10.02 and a 200-day moving average of $9.95. NorthView Acquisition has a 12 month low of $9.69 and a 12 month high of $10.15.
NorthView Acquisition Company Profile
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NorthView Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It also intends to focus its search on businesses that are focused on healthcare sector.
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