TLGY Acquisition Co. (NASDAQ:TLGY – Get Rating) saw a significant decline in short interest during the month of December. As of December 30th, there was short interest totalling 9,900 shares, a decline of 22.7% from the December 15th total of 12,800 shares. Approximately 0.0% of the company's shares are short sold. Based on an average trading volume of 21,400 shares, the days-to-cover ratio is currently 0.5 days.

TLGY Acquisition Stock Performance

Shares of TLGY remained flat at $10.34 during trading hours on Friday. The firm has a 50-day simple moving average of $10.23 and a 200-day simple moving average of $10.12. TLGY Acquisition has a twelve month low of $9.67 and a twelve month high of $10.50.

Institutional Trading of TLGY Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. bought a new position in shares of TLGY Acquisition in the 1st quarter valued at about $6,972,000. Goldman Sachs Group Inc. bought a new position in TLGY Acquisition in the first quarter valued at approximately $4,967,000. Bank of America Corp DE acquired a new stake in TLGY Acquisition during the 1st quarter worth $4,694,000. Wolverine Asset Management LLC lifted its stake in shares of TLGY Acquisition by 342.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 524,171 shares of the company's stock valued at $5,231,000 after purchasing an additional 405,805 shares during the period. Finally, Westchester Capital Management LLC bought a new position in shares of TLGY Acquisition in the 3rd quarter worth $3,875,000. 64.68% of the stock is owned by institutional investors.

TLGY Acquisition Company Profile

TLGY Acquisition Corporation does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on targets in biopharma or technology enabled business-to-consumer industries worldwide.

Further Reading

• Get a free copy of the StockNews.com research report on TLGY Acquisition (TLGY)
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