New Vista Acquisition Corp (NASDAQ:NVSA – Get Rating) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 29,400 shares, a growth of 38.0% from the October 31st total of 21,300 shares. Approximately 0.1% of the company's stock are sold short. Based on an average daily volume of 63,100 shares, the short-interest ratio is currently 0.5 days.
Hedge Funds Weigh In On New Vista Acquisition
Large investors have recently made changes to their positions in the business. Bank of Montreal Can purchased a new position in shares of New Vista Acquisition during the first quarter valued at approximately $116,000. UBS Group AG raised its holdings in New Vista Acquisition by 433.9% in the 2nd quarter. UBS Group AG now owns 13,279 shares of the company's stock worth $130,000 after acquiring an additional 10,792 shares during the last quarter. First Trust Capital Management L.P. purchased a new position in New Vista Acquisition in the 3rd quarter worth approximately $289,000. Virtu Financial LLC purchased a new position in New Vista Acquisition in the 3rd quarter worth approximately $298,000. Finally, Ergoteles LLC purchased a new position in New Vista Acquisition in the 3rd quarter worth approximately $346,000. 62.56% of the stock is currently owned by hedge funds and other institutional investors.
Get New Vista Acquisition alerts:New Vista Acquisition Stock Performance
Shares of NVSA stock remained flat at $10.02 during trading hours on Friday. 134 shares of the stock traded hands, compared to its average volume of 46,758. The stock has a 50-day moving average price of $9.97 and a two-hundred day moving average price of $9.89. New Vista Acquisition has a 1 year low of $9.68 and a 1 year high of $10.02.
About New Vista Acquisition
(Get Rating)New Vista 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. The company focuses on identifying and acquiring a technology business operating in space, defence, communications, advanced air mobility, and logistics areas.
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