Frontier Acquisition Corp. (NASDAQ:FRON – Get Rating) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totalling 1,500 shares, a decrease of 81.7% from the September 30th total of 8,200 shares. Currently, 0.0% of the company's stock are short sold. Based on an average trading volume of 49,000 shares, the days-to-cover ratio is currently 0.0 days.
Frontier Acquisition Price Performance
Shares of FRON stock remained flat at $9.95 during mid-day trading on Wednesday. The stock had a trading volume of 142 shares, compared to its average volume of 45,113. Frontier Acquisition has a 52-week low of $9.66 and a 52-week high of $9.97. The company has a 50-day moving average of $9.90 and a 200-day moving average of $9.84.
Get Frontier Acquisition alerts:Hedge Funds Weigh In On Frontier Acquisition
A number of hedge funds have recently bought and sold shares of FRON. Centiva Capital LP purchased a new stake in shares of Frontier Acquisition during the 2nd quarter valued at about $100,000. Mint Tower Capital Management B.V. bought a new stake in Frontier Acquisition in the 2nd quarter worth approximately $491,000. Mizuho Securities USA LLC purchased a new stake in Frontier Acquisition during the 3rd quarter valued at $520,000. Verition Fund Management LLC bought a new position in shares of Frontier Acquisition during the 1st quarter valued at $704,000. Finally, Berkley W R Corp boosted its stake in shares of Frontier Acquisition by 190.5% in the 1st quarter. Berkley W R Corp now owns 99,888 shares of the company's stock worth $977,000 after buying an additional 65,500 shares during the last quarter. Hedge funds and other institutional investors own 58.29% of the company's stock.
Frontier Acquisition Company Profile
(Get Rating)Frontier Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.
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