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Short Interest in SHUAA Partners Acquisition Corp I (NASDAQ:SHUA) Drops By 90.1%

Defense World ·  Jan 19, 2023 02:31

SHUAA Partners Acquisition Corp I (NASDAQ:SHUA – Get Rating) was the target of a large decline in short interest in the month of December. As of December 30th, there was short interest totalling 8,100 shares, a decline of 90.1% from the December 15th total of 81,900 shares. Based on an average daily volume of 7,700 shares, the days-to-cover ratio is presently 1.1 days.

SHUAA Partners Acquisition Corp I Price Performance

SHUA opened at $10.34 on Thursday. The stock's fifty day moving average is $10.28 and its 200-day moving average is $10.14. SHUAA Partners Acquisition Corp I has a one year low of $9.93 and a one year high of $10.35.

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Institutional Trading of SHUAA Partners Acquisition Corp I

Several large investors have recently made changes to their positions in the stock. Millennium Management LLC bought a new position in SHUAA Partners Acquisition Corp I in the 2nd quarter valued at $298,000. Exos Asset Management LLC bought a new position in SHUAA Partners Acquisition Corp I during the second quarter worth about $334,000. Ergoteles LLC acquired a new stake in SHUAA Partners Acquisition Corp I during the third quarter worth approximately $354,000. OLD Mission Capital LLC raised its position in shares of SHUAA Partners Acquisition Corp I by 1.7% in the third quarter. OLD Mission Capital LLC now owns 76,444 shares of the company's stock valued at $402,000 after buying an additional 1,255 shares in the last quarter. Finally, Karpus Management Inc. bought a new stake in shares of SHUAA Partners Acquisition Corp I during the second quarter worth $500,000.

About SHUAA Partners Acquisition Corp I

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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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