Frontier Acquisition Corp. (NASDAQ:FRON – Get Rating) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 21,800 shares, an increase of 49.3% from the June 15th total of 14,600 shares. Based on an average daily volume of 33,300 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the company's shares are short sold.
Hedge Funds Weigh In On Frontier Acquisition
A number of institutional investors have recently bought and sold shares of the stock. Timelo Investment Management Inc. bought a new position in shares of Frontier Acquisition during the fourth quarter valued at approximately $491,000. Light Sky Macro LP bought a new position in shares of Frontier Acquisition during the fourth quarter valued at approximately $7,341,000. Saba Capital Management L.P. bought a new position in shares of Frontier Acquisition during the fourth quarter valued at approximately $4,359,000. JPMorgan Chase & Co. bought a new stake in shares of Frontier Acquisition during the first quarter valued at approximately $2,199,000. Finally, Spring Creek Capital LLC bought a new stake in shares of Frontier Acquisition during the first quarter valued at approximately $1,470,000. 53.69% of the stock is owned by institutional investors.
Get Frontier Acquisition alerts:Frontier Acquisition Trading Down 0.2 %
Frontier Acquisition stock opened at $9.79 on Monday. The firm has a 50-day moving average of $9.79 and a 200-day moving average of $9.77. Frontier Acquisition has a 1-year low of $9.62 and a 1-year high of $10.03.
About Frontier Acquisition
(Get Rating)Frontier Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.
Further Reading
- Get a free copy of the StockNews.com research report on Frontier Acquisition (FRON)
- Hold Pfizer Today With Catalysts for Further Growth Tomorrow
- NVIDIA Stock is a Winding Up for a Record Setting Second Half
- Johnson & Johnson Continues to Prove its Value in a Volatile Year
- MarketBeat: Week in Review 7/11 – 7/15
- Is Coupang's Stock On The Verge Of A Turnaround?
Receive News & Ratings for Frontier Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontier Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.