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Short Interest in B. Riley Principal 250 Merger Corp. (NASDAQ:BRIV) Increases By 100.0%

Financial News Live ·  Sep 30, 2022 07:12

B. Riley Principal 250 Merger Corp. (NASDAQ:BRIV – Get Rating) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 3,200 shares, an increase of 100.0% from the August 31st total of 1,600 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 7,300 shares, the days-to-cover ratio is presently 0.4 days.

B. Riley Principal 250 Merger Price Performance

NASDAQ:BRIV opened at $9.81 on Friday. The stock's fifty day moving average price is $9.78 and its two-hundred day moving average price is $9.75. B. Riley Principal 250 Merger has a 52-week low of $9.63 and a 52-week high of $10.22.

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Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BRIV. Kepos Capital LP acquired a new position in B. Riley Principal 250 Merger during the 4th quarter worth $5,113,000. Saba Capital Management L.P. lifted its holdings in B. Riley Principal 250 Merger by 79.9% during the 1st quarter. Saba Capital Management L.P. now owns 550,729 shares of the company's stock worth $5,370,000 after buying an additional 244,518 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in B. Riley Principal 250 Merger by 389.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 210,278 shares of the company's stock worth $2,044,000 after buying an additional 167,313 shares in the last quarter. Beryl Capital Management LLC acquired a new position in shares of B. Riley Principal 250 Merger in the 4th quarter valued at $1,490,000. Finally, Centiva Capital LP acquired a new position in shares of B. Riley Principal 250 Merger in the 4th quarter valued at $1,475,000. Institutional investors and hedge funds own 64.82% of the company's stock.

About B. Riley Principal 250 Merger

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B. Riley Principal 250 Merger Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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