Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA – Get Rating) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 1,000 shares, a decline of 23.1% from the August 15th total of 1,300 shares. Based on an average daily trading volume, of 28,900 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Saba Capital Management L.P. boosted its stake in Mountain & Co. I Acquisition Corp. by 3.6% during the first quarter. Saba Capital Management L.P. now owns 1,709,300 shares of the company's stock worth $17,230,000 after buying an additional 59,300 shares during the period. Sculptor Capital LP boosted its stake in Mountain & Co. I Acquisition Corp. by 100.1% during the first quarter. Sculptor Capital LP now owns 750,266 shares of the company's stock worth $7,563,000 after buying an additional 375,264 shares during the period. Millennium Management LLC boosted its stake in Mountain & Co. I Acquisition Corp. by 99.7% during the second quarter. Millennium Management LLC now owns 725,000 shares of the company's stock worth $7,337,000 after buying an additional 362,005 shares during the period. Wolverine Asset Management LLC purchased a new position in Mountain & Co. I Acquisition Corp. during the first quarter worth $6,330,000. Finally, MMCAP International Inc. SPC purchased a new position in Mountain & Co. I Acquisition Corp. during the first quarter worth $4,568,000. 62.14% of the stock is owned by hedge funds and other institutional investors.
Get Mountain & Co. I Acquisition Corp. alerts:Mountain & Co. I Acquisition Corp. Price Performance
NASDAQ MCAA opened at $10.21 on Friday. The company has a fifty day moving average of $10.17 and a two-hundred day moving average of $10.13. Mountain & Co. I Acquisition Corp. has a 52 week low of $9.96 and a 52 week high of $10.60.
About Mountain & Co. I Acquisition Corp.
(Get Rating)Mountain & Co I Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities in consumer Internet and B2B digital infrastructure sectors.
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