Sustainable Development Acquisition I Corp. (NASDAQ:SDAC – Get Rating) was the target of a significant growth in short interest in December. As of December 30th, there was short interest totalling 13,200 shares, a growth of 65.0% from the December 15th total of 8,000 shares. Approximately 0.0% of the company's stock are short sold. Based on an average trading volume of 113,400 shares, the short-interest ratio is currently 0.1 days.

Sustainable Development Acquisition I Trading Up 0.1 %

NASDAQ:SDAC traded up $0.01 during mid-day trading on Wednesday, hitting $10.12. 7,600 shares of the company's stock were exchanged, compared to its average volume of 353,187. Sustainable Development Acquisition I has a one year low of $9.68 and a one year high of $10.11. The business has a fifty day moving average price of $10.04 and a 200 day moving average price of $9.93.

Institutional Investors Weigh In On Sustainable Development Acquisition I

Several hedge funds have recently bought and sold shares of SDAC. Elequin Capital LP bought a new stake in Sustainable Development Acquisition I during the third quarter worth about $25,000. BlackRock Inc. purchased a new position in Sustainable Development Acquisition I in the third quarter worth about $98,000. Ergoteles LLC purchased a new position in Sustainable Development Acquisition I in the third quarter worth about $99,000. Boothbay Fund Management LLC purchased a new position in Sustainable Development Acquisition I in the third quarter worth about $178,000. Finally, Barclays PLC raised its holdings in Sustainable Development Acquisition I by 64.9% in the third quarter. Barclays PLC now owns 18,841 shares of the company's stock worth $185,000 after buying an additional 7,412 shares during the last quarter. Institutional investors own 68.98% of the company's stock.

Sustainable Development Acquisition I Company Profile

Sustainable Development Acquisition I Corp., does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2020 and is based in Bakersfield, California.

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