Battery Future Acquisition Corp. (NYSE:BFAC – Get Rating) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 51,200 shares, an increase of 78.4% from the September 30th total of 28,700 shares. Based on an average trading volume of 96,000 shares, the short-interest ratio is currently 0.5 days.
Institutional Trading of Battery Future Acquisition
A hedge fund recently bought a new stake in Battery Future Acquisition stock. Mizuho Markets Americas LLC purchased a new position in shares of Battery Future Acquisition Corp. (NYSE:BFAC – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,250,000 shares of the company's stock, valued at approximately $12,611,000. Mizuho Markets Americas LLC owned about 2.90% of Battery Future Acquisition at the end of the most recent quarter. Institutional investors and hedge funds own 59.59% of the company's stock.
Get Battery Future Acquisition alerts:Battery Future Acquisition Stock Performance
Battery Future Acquisition stock traded up $0.02 during midday trading on Friday, reaching $10.10. The company's stock had a trading volume of 10,057 shares, compared to its average volume of 76,353. Battery Future Acquisition has a 52 week low of $9.75 and a 52 week high of $10.41. The business has a 50-day moving average price of $10.05 and a 200-day moving average price of $9.97.
About Battery Future Acquisition
(Get Rating)Battery Future Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to search on industries spearheading the shift from fossil fuels to electrification, including companies in the battery value chain.
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