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Short Interest in Liberty Resources Acquisition Corp. (NASDAQ:LIBY) Expands By 263.6%

kopsource ·  Jan 28, 2023 11:01

Liberty Resources Acquisition Corp. (NASDAQ:LIBY – Get Rating) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 4,000 shares, a growth of 263.6% from the December 31st total of 1,100 shares. Approximately 0.0% of the company's shares are sold short. Based on an average trading volume of 59,800 shares, the days-to-cover ratio is presently 0.1 days.

Liberty Resources Acquisition Price Performance

Shares of LIBY stock remained flat at $10.34 during trading hours on Friday. 60 shares of the stock were exchanged, compared to its average volume of 57,481. Liberty Resources Acquisition has a twelve month low of $9.87 and a twelve month high of $10.35. The firm has a fifty day moving average of $10.23 and a two-hundred day moving average of $10.11.

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Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LIBY. Graham Capital Wealth Management LLC acquired a new position in Liberty Resources Acquisition in the 2nd quarter valued at approximately $100,000. Robinson Capital Management LLC acquired a new position in Liberty Resources Acquisition in the 1st quarter valued at approximately $300,000. Virtu Financial LLC acquired a new position in Liberty Resources Acquisition in the 3rd quarter valued at approximately $381,000. Millennium Management LLC increased its stake in Liberty Resources Acquisition by 4.6% in the 2nd quarter. Millennium Management LLC now owns 40,728 shares of the company's stock valued at $406,000 after buying an additional 1,801 shares during the period. Finally, Glazer Capital LLC bought a new stake in Liberty Resources Acquisition in the first quarter worth approximately $422,000. Institutional investors and hedge funds own 67.58% of the company's stock.

About Liberty Resources Acquisition

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Liberty Resources Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the oil and gas sectors. The company was incorporated in 2021 and is based in Miami, Florida.

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