Frontier Acquisition Corp. (NASDAQ:FRON – Get Rating) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 4,300 shares, an increase of 186.7% from the November 30th total of 1,500 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 53,600 shares, the short-interest ratio is currently 0.1 days.
Frontier Acquisition Stock Performance
NASDAQ FRON opened at $10.08 on Friday. The firm's 50 day moving average price is $10.02 and its 200-day moving average price is $9.91. Frontier Acquisition has a 52-week low of $9.66 and a 52-week high of $10.09.
Get Frontier Acquisition alerts:Hedge Funds Weigh In On Frontier Acquisition
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC boosted its stake in shares of Frontier Acquisition by 0.9% during the second quarter. Millennium Management LLC now owns 475,936 shares of the company's stock valued at $4,669,000 after purchasing an additional 4,407 shares in the last quarter. Centiva Capital LP bought a new position in shares of Frontier Acquisition during the second quarter valued at approximately $100,000. Marshall Wace LLP boosted its stake in shares of Frontier Acquisition by 5.4% during the third quarter. Marshall Wace LLP now owns 550,114 shares of the company's stock valued at $5,453,000 after purchasing an additional 28,200 shares in the last quarter. Mint Tower Capital Management B.V. bought a new position in shares of Frontier Acquisition during the second quarter valued at approximately $491,000. Finally, Mizuho Securities USA LLC bought a new position in shares of Frontier Acquisition during the third quarter valued at approximately $520,000. 62.67% of the stock is currently owned by institutional investors.
About Frontier Acquisition
(Get Rating)Frontier 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 or entities. The company was incorporated in 2021 and is based in New York, New York.
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