Fat Projects Acquisition Corp (NASDAQ:FATP – Get Rating) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 10,400 shares, a drop of 59.7% from the December 31st total of 25,800 shares. Currently, 0.1% of the company's stock are sold short. Based on an average trading volume of 48,600 shares, the short-interest ratio is presently 0.2 days.
Fat Projects Acquisition Price Performance
FATP stock traded up $0.07 during mid-day trading on Thursday, hitting $10.35. 1,814 shares of the company were exchanged, compared to its average volume of 107,701. Fat Projects Acquisition has a twelve month low of $9.77 and a twelve month high of $10.40. The firm has a fifty day simple moving average of $10.14 and a 200 day simple moving average of $10.03.
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Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in FATP. JPMorgan Chase & Co. acquired a new position in Fat Projects Acquisition during the 1st quarter worth $4,853,000. Spring Creek Capital LLC bought a new position in shares of Fat Projects Acquisition in the 1st quarter worth about $3,462,000. Goldman Sachs Group Inc. bought a new position in shares of Fat Projects Acquisition in the 1st quarter worth about $553,000. Glazer Capital LLC bought a new position in shares of Fat Projects Acquisition in the 1st quarter worth about $2,197,000. Finally, RPO LLC lifted its position in shares of Fat Projects Acquisition by 22.1% in the 2nd quarter. RPO LLC now owns 521,197 shares of the company's stock worth $5,170,000 after buying an additional 94,280 shares during the last quarter. 78.00% of the stock is owned by institutional investors and hedge funds.
About Fat Projects Acquisition
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Fat Projects Acquisition Corp does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of the supply chain, transportation, logistics, finance, sustainability/ESG, food, agriculture, e-commerce, and big data and/or monetization areas in Southeast Asia.
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