Ascendant Digital Acquisition Corp. III (NYSE:ACDI – Get Rating) was the target of a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 700 shares, a drop of 12.5% from the December 15th total of 800 shares. Based on an average daily volume of 81,200 shares, the short-interest ratio is currently 0.0 days.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Basso Capital Management L.P. purchased a new position in shares of Ascendant Digital Acquisition Corp. III in the 1st quarter valued at $100,000. Virtu Financial LLC purchased a new position in shares of Ascendant Digital Acquisition Corp. III in the 3rd quarter valued at $191,000. Mint Tower Capital Management B.V. purchased a new position in shares of Ascendant Digital Acquisition Corp. III in the 2nd quarter valued at $1,919,000. Westchester Capital Management LLC purchased a new position in shares of Ascendant Digital Acquisition Corp. III in the 3rd quarter valued at $4,291,000. Finally, Weiss Asset Management LP increased its holdings in shares of Ascendant Digital Acquisition Corp. III by 10.5% in the 3rd quarter. Weiss Asset Management LP now owns 1,050,300 shares of the company's stock valued at $10,650,000 after acquiring an additional 100,000 shares during the period. 71.40% of the stock is currently owned by hedge funds and other institutional investors.
Get Ascendant Digital Acquisition Corp. III alerts:Ascendant Digital Acquisition Corp. III Price Performance
Shares of NYSE ACDI remained flat at $10.37 during midday trading on Friday. The stock's 50-day moving average price is $10.29 and its two-hundred day moving average price is $10.17. Ascendant Digital Acquisition Corp. III has a 52 week low of $9.89 and a 52 week high of $10.40.
Ascendant Digital Acquisition Corp. III Company Profile
(Get Rating)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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