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Short Interest in Supernova Partners Acquisition Company III, Ltd. (NYSE:STRE) Grows By 81.0%

kopsource ·  Dec 29, 2022 19:21

Supernova Partners Acquisition Company III, Ltd. (NYSE:STRE – Get Rating) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 11,400 shares, a growth of 81.0% from the November 30th total of 6,300 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 71,900 shares, the short-interest ratio is currently 0.2 days.

Supernova Partners Acquisition Company III Price Performance

Shares of NYSE STRE remained flat at $10.08 during trading on Thursday. 991 shares of the stock traded hands, compared to its average volume of 76,829. The firm's fifty day simple moving average is $10.01 and its two-hundred day simple moving average is $9.91. Supernova Partners Acquisition Company III has a 1-year low of $9.67 and a 1-year high of $10.10.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of STRE. Goldman Sachs Group Inc. lifted its holdings in Supernova Partners Acquisition Company III by 23.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 48,777 shares of the company's stock valued at $477,000 after purchasing an additional 9,317 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Supernova Partners Acquisition Company III by 5.4% in the third quarter. Hsbc Holdings PLC now owns 433,290 shares of the company's stock worth $4,290,000 after buying an additional 22,356 shares in the last quarter. Mizuho Securities USA LLC acquired a new position in Supernova Partners Acquisition Company III during the third quarter worth about $308,000. Virtu Financial LLC purchased a new stake in Supernova Partners Acquisition Company III during the 2nd quarter valued at about $313,000. Finally, First Trust Capital Management L.P. acquired a new stake in Supernova Partners Acquisition Company III in the 3rd quarter valued at about $422,000. 75.50% of the stock is owned by hedge funds and other institutional investors.

Supernova Partners Acquisition Company III Company Profile

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Supernova Partners Acquisition Company III, Ltd. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify a business combination target within the technology sector focused on internet, consumer, media, and similar businesses.

Further Reading

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