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Short Interest in LDH Growth Corp I (NASDAQ:LDHA) Drops By 91.9%

Financial News Live ·  Oct 12, 2022 20:31

LDH Growth Corp I (NASDAQ:LDHA – Get Rating) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 19,100 shares, a decrease of 91.9% from the September 15th total of 236,700 shares. Based on an average daily volume of 46,400 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On LDH Growth Corp I

Several large investors have recently modified their holdings of LDHA. DAVENPORT & Co LLC purchased a new stake in shares of LDH Growth Corp I during the first quarter worth approximately $117,000. Context Capital Management LLC acquired a new position in LDH Growth Corp I during the first quarter worth $230,000. Apollo Management Holdings L.P. acquired a new position in LDH Growth Corp I during the fourth quarter worth $490,000. Bank of America Corp DE acquired a new position in LDH Growth Corp I during the first quarter worth $587,000. Finally, Wealthspring Capital LLC acquired a new position in LDH Growth Corp I during the second quarter worth $763,000. Hedge funds and other institutional investors own 80.23% of the company's stock.

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LDH Growth Corp I Price Performance

Shares of LDH Growth Corp I stock remained flat at $9.93 during trading hours on Wednesday. The stock had a trading volume of 415,634 shares, compared to its average volume of 74,413. LDH Growth Corp I has a twelve month low of $9.62 and a twelve month high of $10.40. The firm has a 50-day simple moving average of $9.88 and a 200-day simple moving average of $9.82.

LDH Growth Corp I Company Profile

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LDH Growth Corp I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in a technology-enabled sector. The company was incorporated in 2020 and is based in Miami, Florida.

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