SHUAA Partners Acquisition Corp I (NASDAQ:SHUA – Get Rating) saw a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 8,100 shares, a drop of 90.1% from the December 15th total of 81,900 shares. Based on an average daily volume of 7,700 shares, the short-interest ratio is currently 1.1 days.
Institutional Investors Weigh In On SHUAA Partners Acquisition Corp I
A number of hedge funds and other institutional investors have recently modified their holdings of SHUA. Karpus Management Inc. purchased a new stake in SHUAA Partners Acquisition Corp I during the second quarter worth approximately $500,000. Cubist Systematic Strategies LLC raised its holdings in SHUAA Partners Acquisition Corp I by 170.8% in the third quarter. Cubist Systematic Strategies LLC now owns 231,758 shares of the company's stock valued at $2,348,000 after acquiring an additional 146,188 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in SHUAA Partners Acquisition Corp I in the second quarter valued at $750,000. Linden Advisors LP acquired a new stake in SHUAA Partners Acquisition Corp I in the second quarter valued at $2,696,000. Finally, Exos Asset Management LLC acquired a new stake in SHUAA Partners Acquisition Corp I in the second quarter valued at $334,000.
Get SHUAA Partners Acquisition Corp I alerts:SHUAA Partners Acquisition Corp I Stock Performance
Shares of SHUA stock remained flat at $10.34 during mid-day trading on Tuesday. SHUAA Partners Acquisition Corp I has a 1-year low of $9.93 and a 1-year high of $10.35. The stock's 50-day simple moving average is $10.27 and its 200-day simple moving average is $10.13.
SHUAA Partners Acquisition Corp I Company Profile
(Get Rating)SHUAA Partners Acquisition Corp I focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in the technology and/or tech-enabled financial services sectors. The company was incorporated in 2021 and is based in George Town, Cayman Islands.
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