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Ascendant Digital Acquisition Corp. III (NYSE:ACDI) Short Interest Down 27.3% in December

Financial News Live ·  Jan 2, 2023 23:21

Ascendant Digital Acquisition Corp. III (NYSE:ACDI – Get Rating) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 800 shares, a decrease of 27.3% from the November 30th total of 1,100 shares. Based on an average daily volume of 34,800 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Ascendant Digital Acquisition Corp. III

Institutional investors and hedge funds have recently bought and sold shares of the stock. Basso Capital Management L.P. purchased a new stake in Ascendant Digital Acquisition Corp. III in the first quarter worth about $100,000. Virtu Financial LLC bought a new position in shares of Ascendant Digital Acquisition Corp. III during the third quarter valued at approximately $191,000. Mint Tower Capital Management B.V. bought a new position in shares of Ascendant Digital Acquisition Corp. III during the second quarter valued at approximately $1,919,000. Westchester Capital Management LLC bought a new position in shares of Ascendant Digital Acquisition Corp. III during the third quarter valued at approximately $4,291,000. Finally, Weiss Asset Management LP increased its stake in shares of Ascendant Digital Acquisition Corp. III by 10.5% during the third quarter. Weiss Asset Management LP now owns 1,050,300 shares of the company's stock valued at $10,650,000 after purchasing an additional 100,000 shares in the last quarter. 71.40% of the stock is currently owned by hedge funds and other institutional investors.

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Ascendant Digital Acquisition Corp. III Stock Performance

ACDI traded up $0.01 on Monday, hitting $10.32. The company had a trading volume of 75,000 shares, compared to its average volume of 78,661. Ascendant Digital Acquisition Corp. III has a 52-week low of $9.80 and a 52-week high of $10.40. The stock has a fifty day simple moving average of $10.25 and a 200-day simple moving average of $10.15.

Ascendant Digital Acquisition Corp. III Company Profile

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Ascendant Digital Acquisition Corp. III 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 the interactive entertainment, film/television, music, print and digital books, e-sports, live events, and other forms of consumer entertainment, and enabling services and technologies sectors.

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