Blockchain Moon Acquisition Corp. (NASDAQ:BMAQ – Get Rating) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,900 shares, a drop of 36.7% from the October 31st total of 3,000 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 17,200 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in BMAQ. Robinson Capital Management LLC boosted its holdings in Blockchain Moon Acquisition by 14.3% in the second quarter. Robinson Capital Management LLC now owns 25,796 shares of the company's stock valued at $255,000 after acquiring an additional 3,222 shares in the last quarter. Spartan Fund Management Inc. purchased a new position in Blockchain Moon Acquisition in the 1st quarter worth about $2,095,000. Mint Tower Capital Management B.V. purchased a new position in Blockchain Moon Acquisition in the 2nd quarter worth about $1,978,000. Wolverine Asset Management LLC purchased a new stake in shares of Blockchain Moon Acquisition during the 2nd quarter valued at about $2,010,000. Finally, Warberg Asset Management LLC bought a new position in shares of Blockchain Moon Acquisition during the 3rd quarter valued at approximately $400,000. 77.05% of the stock is owned by hedge funds and other institutional investors.
Get Blockchain Moon Acquisition alerts:Blockchain Moon Acquisition Stock Performance
Shares of BMAQ stock remained flat at $10.15 during trading hours on Wednesday. 3 shares of the stock were exchanged, compared to its average volume of 219. The stock has a 50 day simple moving average of $10.09 and a two-hundred day simple moving average of $9.98. Blockchain Moon Acquisition has a one year low of $9.73 and a one year high of $10.40.
About Blockchain Moon Acquisition
(Get Rating)Blockchain Moon Acquisition Corp. does not have significant operations. It intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company intends to identify and consummate an initial business combination with a company that focuses on blockchain technology.
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