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Short Interest in InterPrivate IV InfraTech Partners Inc. (NASDAQ:IPVI) Rises By 93.3%

Defense World ·  Jul 30, 2022 02:32

InterPrivate IV InfraTech Partners Inc. (NASDAQ:IPVI – Get Rating) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 2,900 shares, an increase of 93.3% from the June 30th total of 1,500 shares. Based on an average trading volume of 33,500 shares, the days-to-cover ratio is currently 0.1 days.

InterPrivate IV InfraTech Partners Price Performance

IPVI opened at $9.82 on Friday. InterPrivate IV InfraTech Partners has a 52 week low of $9.64 and a 52 week high of $10.30. The business's fifty day simple moving average is $9.79 and its 200 day simple moving average is $9.76.

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Institutional Trading of InterPrivate IV InfraTech Partners

Institutional investors have recently added to or reduced their stakes in the business. Fifth Lane Capital LP purchased a new stake in InterPrivate IV InfraTech Partners during the fourth quarter valued at about $257,000. Saba Capital Management L.P. boosted its position in InterPrivate IV InfraTech Partners by 202.1% during the fourth quarter. Saba Capital Management L.P. now owns 994,654 shares of the company's stock valued at $9,708,000 after buying an additional 665,402 shares during the period. Glazer Capital LLC boosted its position in InterPrivate IV InfraTech Partners by 20,918.0% during the fourth quarter. Glazer Capital LLC now owns 1,928,615 shares of the company's stock valued at $18,688,000 after buying an additional 1,919,439 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in InterPrivate IV InfraTech Partners during the first quarter valued at about $488,000. Finally, Bank of Montreal Can purchased a new stake in InterPrivate IV InfraTech Partners during the first quarter valued at about $467,000. 79.57% of the stock is currently owned by hedge funds and other institutional investors.

InterPrivate IV InfraTech Partners Company Profile

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InterPrivate IV InfraTech Partners Inc does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other transaction with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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