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Short Interest in Talon 1 Acquisition Corp. (NASDAQ:TOAC) Drops By 20.0%

Defense World ·  Aug 13, 2022 04:21

Talon 1 Acquisition Corp. (NASDAQ:TOAC – Get Rating) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 400 shares, a decrease of 20.0% from the July 15th total of 500 shares. Based on an average daily trading volume, of 19,000 shares, the short-interest ratio is presently 0.0 days.

Talon 1 Acquisition Stock Performance

NASDAQ TOAC opened at $10.13 on Friday. Talon 1 Acquisition has a one year low of $9.87 and a one year high of $10.15. The stock's 50 day simple moving average is $10.09 and its 200 day simple moving average is $10.05.

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Institutional Investors Weigh In On Talon 1 Acquisition

A number of large investors have recently bought and sold shares of TOAC. Saba Capital Management L.P. bought a new stake in Talon 1 Acquisition during the 4th quarter worth approximately $15,794,000. Wolverine Asset Management LLC bought a new position in Talon 1 Acquisition in the 1st quarter valued at $7,886,000. MMCAP International Inc. SPC bought a new position in shares of Talon 1 Acquisition in the 1st quarter worth $5,025,000. Apollo Management Holdings L.P. bought a new position in shares of Talon 1 Acquisition in the 1st quarter worth $5,025,000. Finally, Governors Lane LP bought a new position in shares of Talon 1 Acquisition in the 1st quarter worth $4,523,000. 26.70% of the stock is currently owned by institutional investors.

Talon 1 Acquisition Company Profile

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Talon 1 Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify business combination opportunities in the aerospace, aviation, and aviation services industries.

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