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Short Interest in Liberty Resources Acquisition Corp. (NASDAQ:LIBY) Increases By 60.0%

kopsource ·  Oct 29, 2022 11:53

Liberty Resources Acquisition Corp. (NASDAQ:LIBY – Get Rating) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 800 shares, an increase of 60.0% from the September 30th total of 500 shares. Based on an average daily trading volume, of 35,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's shares are short sold.

Institutional Investors Weigh In On Liberty Resources Acquisition

Hedge funds have recently added to or reduced their stakes in the business. Graham Capital Wealth Management LLC purchased a new position in Liberty Resources Acquisition during the 2nd quarter worth $100,000. Robinson Capital Management LLC purchased a new position in Liberty Resources Acquisition in the first quarter valued at approximately $300,000. Millennium Management LLC raised its holdings in Liberty Resources Acquisition by 4.6% in the second quarter. Millennium Management LLC now owns 40,728 shares of the company's stock valued at $406,000 after buying an additional 1,801 shares during the period. Glazer Capital LLC purchased a new position in Liberty Resources Acquisition in the first quarter valued at approximately $422,000. Finally, Walleye Trading LLC purchased a new stake in shares of Liberty Resources Acquisition during the first quarter valued at approximately $450,000. 64.05% of the stock is currently owned by institutional investors and hedge funds.

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Liberty Resources Acquisition Stock Performance

Shares of Liberty Resources Acquisition stock remained flat at $10.06 during mid-day trading on Friday. The stock has a 50-day moving average price of $10.04 and a 200-day moving average price of $10.02. Liberty Resources Acquisition has a 12 month low of $9.78 and a 12 month high of $10.15.

Liberty Resources Acquisition Company Profile

(Get Rating)

Liberty Resources Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the oil and gas sectors. The company was incorporated in 2021 and is based in Miami, Florida.

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