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Aura FAT Projects Acquisition Corp (NASDAQ:AFAR) Sees Significant Increase in Short Interest

Defense World ·  Dec 15, 2022 03:01

Aura FAT Projects Acquisition Corp (NASDAQ:AFAR – Get Rating) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 6,300 shares, a growth of 14.5% from the November 15th total of 5,500 shares. Based on an average daily volume of 47,800 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Aura FAT Projects Acquisition

Several hedge funds have recently added to or reduced their stakes in the company. Glazer Capital LLC boosted its holdings in Aura FAT Projects Acquisition by 1.4% in the third quarter. Glazer Capital LLC now owns 1,107,007 shares of the company's stock valued at $11,148,000 after acquiring an additional 15,117 shares during the last quarter. Hudson Bay Capital Management LP bought a new position in Aura FAT Projects Acquisition in the second quarter valued at about $9,801,000. Karpus Management Inc. boosted its holdings in Aura FAT Projects Acquisition by 901.0% in the third quarter. Karpus Management Inc. now owns 717,469 shares of the company's stock valued at $7,225,000 after acquiring an additional 645,794 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Aura FAT Projects Acquisition in the third quarter valued at about $5,519,000. Finally, Periscope Capital Inc. bought a new position in Aura FAT Projects Acquisition in the third quarter valued at about $4,021,000. Institutional investors own 45.62% of the company's stock.

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Aura FAT Projects Acquisition Stock Performance

Aura FAT Projects Acquisition stock opened at $10.21 on Thursday. The firm has a 50-day moving average price of $10.12. Aura FAT Projects Acquisition has a 12-month low of $9.83 and a 12-month high of $10.22.

Aura FAT Projects Acquisition Company Profile

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Aura FAT Projects 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 in technology companies in Southeast Asia, Australia, and New Zealand.

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