Logistics Innovation Technologies Corp. (NASDAQ:LITT – Get Rating) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 4,200 shares, a growth of 27.3% from the May 31st total of 3,300 shares. Based on an average trading volume of 60,900 shares, the short-interest ratio is presently 0.1 days.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG grew its holdings in Logistics Innovation Technologies by 189.3% during the 1st quarter. UBS Group AG now owns 2,598 shares of the company's stock worth $25,000 after acquiring an additional 1,700 shares during the period. Basso Capital Management L.P. acquired a new position in shares of Logistics Innovation Technologies in the 1st quarter valued at $63,000. Corbyn Investment Management Inc. MD acquired a new position in shares of Logistics Innovation Technologies in the 1st quarter valued at $163,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Logistics Innovation Technologies in the 4th quarter valued at $224,000. Finally, Balyasny Asset Management LLC acquired a new position in shares of Logistics Innovation Technologies in the 3rd quarter valued at $1,702,000. 72.39% of the stock is owned by hedge funds and other institutional investors.
Get Logistics Innovation Technologies alerts:LITT opened at $9.73 on Wednesday. The company has a fifty day moving average price of $9.72 and a two-hundred day moving average price of $9.71. Logistics Innovation Technologies has a 52 week low of $9.33 and a 52 week high of $9.85.
Logistics Innovation Technologies Company Profile (Get Rating)Logistics Innovation Technologies Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire businesses serving the senior market or capable of being repositioned to do so.
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