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UTA Acquisition Co. (NASDAQ:UTAAW) Sees Large Decline in Short Interest

kopsource ·  Mar 2, 2023 09:43

UTA Acquisition Co. (NASDAQ:UTAAW – Get Rating) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 5,200 shares, a drop of 23.5% from the January 31st total of 6,800 shares. Based on an average daily volume of 22,300 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. EHP Funds Inc. grew its stake in UTA Acquisition by 32.8% in the 4th quarter. EHP Funds Inc. now owns 248,974 shares of the company's stock valued at $25,000 after buying an additional 61,517 shares in the last quarter. Calamos Advisors LLC purchased a new position in UTA Acquisition in the 4th quarter valued at approximately $37,000. Finally, Gritstone Asset Management LLC purchased a new position in UTA Acquisition in the 4th quarter valued at approximately $47,000.

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UTA Acquisition Stock Up 27.0 %

Shares of UTAAW stock opened at $0.27 on Thursday. The business's 50 day moving average is $0.19. UTA Acquisition has a 12-month low of $0.07 and a 12-month high of $1.00.

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