Battery Future Acquisition Corp. (NYSE:BFAC – Get Rating) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 1,300 shares, an increase of 8.3% from the November 30th total of 1,200 shares. Based on an average daily volume of 65,400 shares, the short-interest ratio is presently 0.0 days.
Institutional Investors Weigh In On Battery Future Acquisition
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Glazer Capital LLC grew its holdings in shares of Battery Future Acquisition by 4.0% during the third quarter. Glazer Capital LLC now owns 134,759 shares of the company's stock valued at $1,360,000 after buying an additional 5,222 shares during the last quarter. Karpus Management Inc. grew its holdings in shares of Battery Future Acquisition by 70.0% during the second quarter. Karpus Management Inc. now owns 42,500 shares of the company's stock valued at $422,000 after buying an additional 17,500 shares during the last quarter. First Trust Capital Management L.P. grew its holdings in shares of Battery Future Acquisition by 23.0% during the third quarter. First Trust Capital Management L.P. now owns 369,050 shares of the company's stock valued at $3,723,000 after buying an additional 69,050 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Battery Future Acquisition during the third quarter valued at about $3,363,000. Finally, Aristeia Capital LLC acquired a new position in shares of Battery Future Acquisition during the third quarter valued at about $4,700,000. 66.28% of the stock is owned by institutional investors.
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Battery Future Acquisition Stock Down 0.1 %
BFAC opened at $10.27 on Tuesday. Battery Future Acquisition has a 1-year low of $9.75 and a 1-year high of $10.41. The company has a fifty day moving average price of $10.18 and a two-hundred day moving average price of $10.06.
Battery Future Acquisition Company Profile
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Battery Future Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to search on industries spearheading the shift from fossil fuels to electrification, including companies in the battery value chain.
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