Mountain & Co. I Acquisition Corp. (NASDAQ:MCAA – Get Rating) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 8,500 shares, a growth of 750.0% from the October 15th total of 1,000 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,100 shares, the short-interest ratio is currently 0.5 days.
Institutional Investors Weigh In On Mountain & Co. I Acquisition Corp.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Periscope Capital Inc. grew its stake in shares of Mountain & Co. I Acquisition Corp. by 55.7% during the third quarter. Periscope Capital Inc. now owns 761,017 shares of the company's stock valued at $7,790,000 after buying an additional 272,189 shares during the last quarter. Woodline Partners LP grew its stake in shares of Mountain & Co. I Acquisition Corp. by 328.6% during the second quarter. Woodline Partners LP now owns 299,992 shares of the company's stock valued at $3,036,000 after buying an additional 229,992 shares during the last quarter. CSS LLC IL bought a new position in shares of Mountain & Co. I Acquisition Corp. during the second quarter valued at approximately $1,018,000. Millennium Management LLC grew its stake in shares of Mountain & Co. I Acquisition Corp. by 99.7% during the second quarter. Millennium Management LLC now owns 725,000 shares of the company's stock valued at $7,337,000 after buying an additional 362,005 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Mountain & Co. I Acquisition Corp. during the first quarter valued at approximately $1,008,000. 62.14% of the stock is currently owned by hedge funds and other institutional investors.
Get Mountain & Co. I Acquisition Corp. alerts:Mountain & Co. I Acquisition Corp. Stock Performance
Shares of NASDAQ:MCAA remained flat at $10.31 during mid-day trading on Friday. The company had a trading volume of 133,035 shares, compared to its average volume of 27,605. Mountain & Co. I Acquisition Corp. has a 12 month low of $9.96 and a 12 month high of $10.60. The business has a 50-day moving average of $10.25 and a 200 day moving average of $10.17.
Mountain & Co. I Acquisition Corp. Company Profile
(Get Rating)Mountain & Co I Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities in consumer Internet and B2B digital infrastructure sectors.
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