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Short Interest in Fifth Wall Acquisition Corp. III (NASDAQ:FWAC) Rises By 57.1%

Financial News Live ·  Jul 31, 2022 18:21

Fifth Wall Acquisition Corp. III (NASDAQ:FWAC – Get Rating) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 2,200 shares, an increase of 57.1% from the June 30th total of 1,400 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 80,500 shares, the days-to-cover ratio is currently 0.0 days.

Fifth Wall Acquisition Corp. III Stock Performance

Fifth Wall Acquisition Corp. III stock remained flat at $9.79 during trading hours on Friday. 100,154 shares of the company's stock were exchanged, compared to its average volume of 103,989. Fifth Wall Acquisition Corp. III has a 52 week low of $9.63 and a 52 week high of $10.12. The company's 50-day moving average price is $9.75 and its 200 day moving average price is $9.74.

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Hedge Funds Weigh In On Fifth Wall Acquisition Corp. III

Large investors have recently bought and sold shares of the company. Bulldog Investors LLP purchased a new position in Fifth Wall Acquisition Corp. III during the 4th quarter worth $149,000. FNY Investment Advisers LLC grew its stake in shares of Fifth Wall Acquisition Corp. III by 8.1% during the 4th quarter. FNY Investment Advisers LLC now owns 47,700 shares of the company's stock worth $474,000 after purchasing an additional 3,560 shares during the period. Angelo Gordon & CO. L.P. acquired a new position in shares of Fifth Wall Acquisition Corp. III during the 1st quarter worth $486,000. DLD Asset Management LP acquired a new position in shares of Fifth Wall Acquisition Corp. III during the 4th quarter worth $644,000. Finally, Sandia Investment Management LP acquired a new position in shares of Fifth Wall Acquisition Corp. III during the 4th quarter worth $994,000. Hedge funds and other institutional investors own 89.82% of the company's stock.

Fifth Wall Acquisition Corp. III Company Profile

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Fifth Wall Acquisition Corp. III does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on real estate technology sector. The company was incorporated in 2021 and is based in Los Angeles, California.

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