UTA Acquisition Co. (NASDAQ:UTAA – Get Rating) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 14,600 shares, a growth of 192.0% from the December 31st total of 5,000 shares. Based on an average daily trading volume, of 121,500 shares, the short-interest ratio is presently 0.1 days.

UTA Acquisition Price Performance

NASDAQ UTAA traded down $0.02 during trading hours on Thursday, reaching $10.28. The company's stock had a trading volume of 458 shares, compared to its average volume of 222,380. The company's 50-day moving average is $10.20 and its two-hundred day moving average is $10.07. UTA Acquisition has a fifty-two week low of $9.74 and a fifty-two week high of $10.32.

Institutional Trading of UTA Acquisition

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Robinson Capital Management LLC purchased a new stake in UTA Acquisition in the third quarter valued at approximately $120,000. Caas Capital Management LP acquired a new position in UTA Acquisition during the 3rd quarter worth approximately $151,000. Virtu Financial LLC purchased a new position in UTA Acquisition in the 2nd quarter worth approximately $246,000. Credit Suisse AG acquired a new stake in UTA Acquisition in the second quarter valued at approximately $248,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of UTA Acquisition during the third quarter valued at approximately $274,000. Hedge funds and other institutional investors own 68.04% of the company's stock.

UTA Acquisition Company Profile

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.

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