Forum Merger IV Co. (NASDAQ:FMIV – Get Rating) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 6,300 shares, a growth of 43.2% from the November 30th total of 4,400 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 168,300 shares, the short-interest ratio is currently 0.0 days.
Forum Merger IV Stock Performance
FMIV remained flat at $10.03 during trading on Friday. 40,558 shares of the company's stock traded hands, compared to its average volume of 34,251. Forum Merger IV has a fifty-two week low of $9.68 and a fifty-two week high of $10.04. The stock has a 50 day moving average price of $9.96 and a 200 day moving average price of $9.87.
Get Forum Merger IV alerts:Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Mint Tower Capital Management B.V. increased its stake in shares of Forum Merger IV by 408.5% in the third quarter. Mint Tower Capital Management B.V. now owns 422,074 shares of the company's stock worth $4,141,000 after purchasing an additional 339,074 shares in the last quarter. Westchester Capital Management LLC purchased a new stake in shares of Forum Merger IV in the third quarter worth $3,211,000. BNP Paribas Arbitrage SNC purchased a new stake in shares of Forum Merger IV in the third quarter worth $8,848,000. Saba Capital Management L.P. increased its stake in shares of Forum Merger IV by 9.9% in the third quarter. Saba Capital Management L.P. now owns 2,982,879 shares of the company's stock worth $29,262,000 after purchasing an additional 267,500 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Forum Merger IV by 41.7% in the third quarter. Marshall Wace LLP now owns 1,590,983 shares of the company's stock worth $15,608,000 after purchasing an additional 467,871 shares in the last quarter. 72.64% of the stock is currently owned by institutional investors.
Forum Merger IV Company Profile
(Get Rating)Forum Merger IV Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Delray Beach, Florida.
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