Relativity Acquisition Corp. (NASDAQ:RACY – Get Rating) was the recipient of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 10,200 shares, a growth of 277.8% from the November 15th total of 2,700 shares. Approximately 0.1% of the company's shares are short sold. Based on an average daily volume of 38,900 shares, the short-interest ratio is currently 0.3 days.
Relativity Acquisition Stock Performance
Shares of NASDAQ:RACY traded up $0.03 during mid-day trading on Tuesday, reaching $10.25. 5,432 shares of the company were exchanged, compared to its average volume of 78,150. The firm's 50-day simple moving average is $10.12 and its 200 day simple moving average is $10.06. Relativity Acquisition has a 1 year low of $9.94 and a 1 year high of $10.25.
Get Relativity Acquisition alerts:Hedge Funds Weigh In On Relativity Acquisition
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC purchased a new position in Relativity Acquisition in the 2nd quarter valued at approximately $3,830,000. Marshall Wace LLP raised its stake in Relativity Acquisition by 1,072.9% during the 3rd quarter. Marshall Wace LLP now owns 370,930 shares of the company's stock worth $3,736,000 after acquiring an additional 339,304 shares in the last quarter. Centiva Capital LP acquired a new stake in Relativity Acquisition during the 2nd quarter worth $646,000. Millennium Management LLC acquired a new stake in Relativity Acquisition during the 2nd quarter worth $378,000. Finally, Glazer Capital LLC raised its stake in Relativity Acquisition by 12.7% during the 3rd quarter. Glazer Capital LLC now owns 88,896 shares of the company's stock worth $892,000 after acquiring an additional 10,024 shares in the last quarter. Hedge funds and other institutional investors own 61.38% of the company's stock.
About Relativity Acquisition
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Relativity Acquisition Corp. does not have significant operations. It focuses on effecting a capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the cannabis industry. The company was incorporated in 2021 and is based in Las Vegas, Nevada.
Further Reading
- Get a free copy of the StockNews.com research report on Relativity Acquisition (RACY)
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