Battery Future Acquisition Corp. (NYSE:BFAC – Get Rating) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 6,600 shares, a growth of 13.8% from the February 13th total of 5,800 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 119,000 shares, the short-interest ratio is presently 0.1 days.
Hedge Funds Weigh In On Battery Future Acquisition
Several hedge funds have recently added to or reduced their stakes in BFAC. First Trust Capital Management L.P. boosted its position in Battery Future Acquisition by 41.9% in the 4th quarter. First Trust Capital Management L.P. now owns 523,571 shares of the company's stock valued at $5,377,000 after buying an additional 154,521 shares during the period. Glazer Capital LLC boosted its position in Battery Future Acquisition by 68.5% in the 4th quarter. Glazer Capital LLC now owns 227,049 shares of the company's stock valued at $2,332,000 after buying an additional 92,290 shares during the period. Susquehanna International Group LLP purchased a new stake in Battery Future Acquisition in the 4th quarter valued at about $193,000. Altshuler Shaham Ltd purchased a new stake in Battery Future Acquisition in the 4th quarter valued at about $32,000. Finally, Aristeia Capital LLC boosted its position in Battery Future Acquisition by 263.6% in the 4th quarter. Aristeia Capital LLC now owns 1,693,733 shares of the company's stock valued at $17,395,000 after buying an additional 1,227,883 shares during the period. 66.28% of the stock is currently owned by institutional investors.
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Battery Future Acquisition Stock Performance
Shares of NYSE:BFAC opened at $10.42 on Thursday. Battery Future Acquisition has a 12 month low of $9.80 and a 12 month high of $10.90. The firm's 50-day moving average is $10.35 and its 200 day moving average is $10.20.
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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