Relativity Acquisition Corp. (NASDAQ:RACY – Get Rating) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 12,200 shares, an increase of 258.8% from the December 31st total of 3,400 shares. Based on an average trading volume of 54,500 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company's stock are short sold.
Relativity Acquisition Price Performance
RACY remained flat at $12.28 during trading on Thursday. Relativity Acquisition has a 52 week low of $9.76 and a 52 week high of $35.22. The stock's fifty day simple moving average is $11.47 and its 200-day simple moving average is $10.54.
Get Relativity Acquisition alerts:Institutional Investors Weigh In On Relativity Acquisition
Institutional investors have recently bought and sold shares of the company. Robinson Capital Management LLC acquired a new stake in Relativity Acquisition in the second quarter valued at approximately $332,000. Millennium Management LLC acquired a new stake in shares of Relativity Acquisition during the second quarter worth $378,000. Centiva Capital LP acquired a new stake in shares of Relativity Acquisition during the second quarter worth $646,000. Glazer Capital LLC lifted its stake in shares of Relativity Acquisition by 12.7% during the third quarter. Glazer Capital LLC now owns 88,896 shares of the company's stock worth $892,000 after buying an additional 10,024 shares during the period. Finally, Karpus Management Inc. acquired a new stake in shares of Relativity Acquisition during the second quarter worth $2,106,000. 67.71% of the stock is currently owned by institutional investors and hedge funds.
About Relativity Acquisition
(Get Rating)Relativity Acquisition Corp. does not have significant operations. It focuses on effecting a capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the cannabis industry. The company was incorporated in 2021 and is based in Las Vegas, Nevada.
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