SOAR Technology Acquisition Corp. (NYSE:FLYA – Get Rating) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 3,000 shares, an increase of 114.3% from the June 30th total of 1,400 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 42,800 shares, the days-to-cover ratio is currently 0.1 days.
SOAR Technology Acquisition Price Performance
Shares of FLYA remained flat at $10.20 during mid-day trading on Friday. The company's 50-day moving average price is $10.17 and its two-hundred day moving average price is $10.13. SOAR Technology Acquisition has a 52 week low of $9.95 and a 52 week high of $10.31.
Get SOAR Technology Acquisition alerts:Hedge Funds Weigh In On SOAR Technology Acquisition
A number of hedge funds have recently modified their holdings of FLYA. Bank of Montreal Can purchased a new position in shares of SOAR Technology Acquisition during the fourth quarter worth approximately $2,489,000. Beryl Capital Management LLC purchased a new position in shares of SOAR Technology Acquisition during the fourth quarter worth approximately $1,638,000. Goldman Sachs Group Inc. purchased a new position in shares of SOAR Technology Acquisition during the first quarter worth approximately $158,000. Radcliffe Capital Management L.P. purchased a new position in shares of SOAR Technology Acquisition during the first quarter worth approximately $105,000. Finally, Toronto Dominion Bank grew its position in shares of SOAR Technology Acquisition by 3.3% during the fourth quarter. Toronto Dominion Bank now owns 310,000 shares of the company's stock worth $3,134,000 after acquiring an additional 10,000 shares during the last quarter. 52.78% of the stock is currently owned by hedge funds and other institutional investors.
About SOAR Technology Acquisition
(Get Rating)SOAR Technology Acquisition Corp. does not 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 SOAR Technology Acquisition (FLYA)
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