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FTAC Zeus Acquisition Corp. (NASDAQ:ZING) Sees Significant Increase in Short Interest

Financial News Live ·  Jan 29, 2023 02:11

FTAC Zeus Acquisition Corp. (NASDAQ:ZING – Get Rating) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 9,300 shares, a growth of 25.7% from the December 31st total of 7,400 shares. Based on an average trading volume of 544,000 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company's shares are short sold.

FTAC Zeus Acquisition Price Performance

Shares of NASDAQ ZING opened at $10.13 on Friday. FTAC Zeus Acquisition has a 1-year low of $9.75 and a 1-year high of $10.56. The business has a 50-day moving average of $10.08 and a 200-day moving average of $9.99.

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Institutional Trading of FTAC Zeus Acquisition

Several large investors have recently modified their holdings of the business. Calamos Advisors LLC bought a new stake in FTAC Zeus Acquisition in the fourth quarter valued at about $1,010,000. Spartan Fund Management Inc. acquired a new stake in FTAC Zeus Acquisition in the fourth quarter worth $2,264,000. Elequin Capital LP bought a new position in shares of FTAC Zeus Acquisition during the third quarter worth about $36,000. Parallax Volatility Advisers L.P. lifted its position in FTAC Zeus Acquisition by 26.2% in the 3rd quarter. Parallax Volatility Advisers L.P. now owns 226,277 shares of the company's stock valued at $2,274,000 after purchasing an additional 46,986 shares during the last quarter. Finally, Anson Funds Management LP acquired a new stake in shares of FTAC Zeus Acquisition in the third quarter valued at approximately $1,256,000. 66.94% of the stock is currently owned by institutional investors and hedge funds.

About FTAC Zeus Acquisition

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FTAC Zeus Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was formerly known as FTAC Hera Acquisition Corp. and changed its name to FTAC Zeus Acquisition Corp.

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