VMG Consumer Acquisition Corp. (NASDAQ:VMGA – Get Rating) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,200 shares, a growth of 500.0% from the August 15th total of 200 shares. Currently, 0.0% of the company's shares are short sold. Based on an average daily volume of 38,400 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Investors Weigh In On VMG Consumer Acquisition
Large investors have recently made changes to their positions in the company. Verition Fund Management LLC grew its position in VMG Consumer Acquisition by 16.8% during the 2nd quarter. Verition Fund Management LLC now owns 701,541 shares of the company's stock worth $7,001,000 after purchasing an additional 100,700 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in VMG Consumer Acquisition by 1.2% during the second quarter. Cubist Systematic Strategies LLC now owns 787,047 shares of the company's stock valued at $7,855,000 after buying an additional 9,372 shares during the period. Millennium Management LLC purchased a new stake in VMG Consumer Acquisition in the 2nd quarter worth about $5,303,000. Sculptor Capital LP boosted its position in VMG Consumer Acquisition by 0.3% during the 2nd quarter. Sculptor Capital LP now owns 563,618 shares of the company's stock worth $5,625,000 after acquiring an additional 1,627 shares during the period. Finally, Wolverine Asset Management LLC grew its stake in VMG Consumer Acquisition by 66.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 279,741 shares of the company's stock valued at $2,791,000 after acquiring an additional 111,657 shares in the last quarter. Institutional investors and hedge funds own 70.29% of the company's stock.
Get VMG Consumer Acquisition alerts:VMG Consumer Acquisition Stock Performance
NASDAQ VMGA remained flat at $9.96 on Thursday. The company's stock had a trading volume of 4 shares, compared to its average volume of 9,560. VMG Consumer Acquisition has a 12-month low of $9.82 and a 12-month high of $10.29. The company's fifty day moving average price is $9.97 and its 200 day moving average price is $9.94.
About VMG Consumer Acquisition
(Get Rating)VMG Consumer Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on acquiring consumer and retail companies across a range of industry verticals, such as food and beverage, beauty and personal care, health and wellness, pet products and services, household products, and multi-unit retailers/services, as well as apparel, footwear, and accessories.
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