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Breeze Holdings Acquisition Corp. (NASDAQ:BREZ) Sees Significant Decrease in Short Interest

kopsource ·  Mar 12, 2023 22:22

Breeze Holdings Acquisition Corp. (NASDAQ:BREZ – Get Rating) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 13,400 shares, a drop of 21.2% from the February 13th total of 17,000 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 7,400 shares, the days-to-cover ratio is presently 1.8 days.

Breeze Holdings Acquisition Price Performance

Shares of NASDAQ BREZ traded up $0.03 during midday trading on Friday, reaching $10.57. 6,986 shares of the stock were exchanged, compared to its average volume of 11,324. The firm has a 50-day simple moving average of $10.53 and a two-hundred day simple moving average of $10.44. Breeze Holdings Acquisition has a twelve month low of $10.16 and a twelve month high of $10.90.

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Hedge Funds Weigh In On Breeze Holdings Acquisition

Several institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP boosted its holdings in Breeze Holdings Acquisition by 135.2% in the fourth quarter. Susquehanna International Group LLP now owns 44,632 shares of the company's stock valued at $466,000 after purchasing an additional 171,569 shares in the last quarter. Clear Street LLC purchased a new stake in Breeze Holdings Acquisition in the fourth quarter valued at approximately $522,000. Graham Capital Wealth Management LLC purchased a new stake in Breeze Holdings Acquisition in the fourth quarter valued at approximately $104,000. Simplex Trading LLC lifted its stake in Breeze Holdings Acquisition by 35.2% in the fourth quarter. Simplex Trading LLC now owns 28,126 shares of the company's stock valued at $293,000 after buying an additional 7,330 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in Breeze Holdings Acquisition in the second quarter valued at approximately $215,000. 18.13% of the stock is owned by institutional investors and hedge funds.

Breeze Holdings Acquisition Company Profile

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Breeze Holdings Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in the energy industry in North America.

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