Redwoods Acquisition Corp. (NASDAQ:RWODW – Get Rating) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 43,700 shares, an increase of 32.8% from the July 31st total of 32,900 shares. Based on an average trading volume of 22,200 shares, the days-to-cover ratio is presently 2.0 days.
Hedge Funds Weigh In On Redwoods Acquisition
A hedge fund recently bought a new stake in Redwoods Acquisition stock. Cowen AND Company LLC acquired a new position in Redwoods Acquisition Corp. (NASDAQ:RWODW – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 751,089 shares of the company's stock, valued at approximately $53,000.
Get Redwoods Acquisition alerts:Redwoods Acquisition Price Performance
Shares of RWODW opened at $0.05 on Tuesday. The company's fifty day moving average is $0.06. Redwoods Acquisition has a 12-month low of $0.05 and a 12-month high of $0.14.
About Redwoods Acquisition
(Get Rating)Redwoods Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. In intends to focus on businesses in the carbon neutral and energy storage industries.
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