Valuence Merger Corp. I (NASDAQ:VMCA – Get Rating) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 2,300 shares, an increase of 21.1% from the August 15th total of 1,900 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 32,800 shares, the days-to-cover ratio is presently 0.1 days.
Hedge Funds Weigh In On Valuence Merger Corp. I
Several hedge funds have recently bought and sold shares of the company. Nomura Holdings Inc. bought a new position in Valuence Merger Corp. I in the 2nd quarter valued at about $4,906,000. Centiva Capital LP bought a new stake in shares of Valuence Merger Corp. I during the 2nd quarter valued at approximately $112,000. CVI Holdings LLC bought a new stake in shares of Valuence Merger Corp. I during the 2nd quarter valued at approximately $1,502,000. Davidson Kempner Capital Management LP bought a new stake in shares of Valuence Merger Corp. I during the 2nd quarter valued at approximately $3,000,000. Finally, Berkley W R Corp bought a new stake in shares of Valuence Merger Corp. I during the 2nd quarter valued at approximately $1,001,000. 56.89% of the stock is owned by institutional investors.
Get Valuence Merger Corp. I alerts:Valuence Merger Corp. I Stock Performance
VMCA stock opened at $10.15 on Friday. Valuence Merger Corp. I has a 12 month low of $9.97 and a 12 month high of $10.62. The firm has a 50-day moving average price of $10.10.
About Valuence Merger Corp. I
(Get Rating)Valuence Merger Corp. I focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to identify, acquire, and operate a business in Asia with a focus on opportunities aligned with breakthrough technology in life sciences and sustainability technology themes.
Further Reading
- Get a free copy of the StockNews.com research report on Valuence Merger Corp. I (VMCA)
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