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Short Interest in Forbion European Acquisition Corp. (NASDAQ:FRBN) Grows By 100.0%

Defense World ·  Sep 17, 2022 06:02

Forbion European Acquisition Corp. (NASDAQ:FRBN – Get Rating) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 800 shares, an increase of 100.0% from the August 15th total of 400 shares. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 22,400 shares, the days-to-cover ratio is currently 0.0 days.

Forbion European Acquisition Trading Up 0.1 %

FRBN opened at $10.09 on Friday. The business's 50-day simple moving average is $10.04 and its 200 day simple moving average is $9.99. Forbion European Acquisition has a 52-week low of $9.86 and a 52-week high of $10.09.

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Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Glazer Capital LLC bought a new position in shares of Forbion European Acquisition in the first quarter valued at $156,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Forbion European Acquisition during the 1st quarter worth about $199,000. UBS Group AG bought a new stake in shares of Forbion European Acquisition in the 1st quarter valued at about $249,000. Prelude Capital Management LLC bought a new stake in shares of Forbion European Acquisition in the 1st quarter valued at about $508,000. Finally, JPMorgan Chase & Co. acquired a new stake in Forbion European Acquisition in the 1st quarter valued at about $654,000. Institutional investors and hedge funds own 52.63% of the company's stock.

About Forbion European Acquisition

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Forbion European Acquisition Corp. 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 or entities. It intends to identify opportunities in the life sciences industry in Europe.

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