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Aura FAT Projects Acquisition Corp (NASDAQ:AFAR) Sees Large Decrease in Short Interest

Defense World ·  Mar 13, 2023 02:03

Aura FAT Projects Acquisition Corp (NASDAQ:AFAR – Get Rating) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 5,600 shares, a decline of 16.4% from the February 13th total of 6,700 shares. Based on an average daily trading volume, of 35,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AFAR. Radcliffe Capital Management L.P. bought a new stake in Aura FAT Projects Acquisition in the fourth quarter valued at $909,000. Shaolin Capital Management LLC grew its position in Aura FAT Projects Acquisition by 36.9% in the fourth quarter. Shaolin Capital Management LLC now owns 468,800 shares of the company's stock valued at $4,808,000 after acquiring an additional 126,400 shares during the period. Virtu Financial LLC bought a new stake in Aura FAT Projects Acquisition in the fourth quarter valued at $148,000. Aristeia Capital LLC grew its position in Aura FAT Projects Acquisition by 325.8% in the fourth quarter. Aristeia Capital LLC now owns 986,738 shares of the company's stock valued at $10,119,000 after acquiring an additional 755,000 shares during the period. Finally, Centiva Capital LP bought a new stake in Aura FAT Projects Acquisition in the fourth quarter valued at $1,218,000. 71.67% of the stock is currently owned by institutional investors and hedge funds.

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Aura FAT Projects Acquisition Stock Performance

Shares of NASDAQ AFAR opened at $10.43 on Monday. The business has a fifty day simple moving average of $10.33 and a 200 day simple moving average of $10.18. Aura FAT Projects Acquisition has a one year low of $9.83 and a one year high of $10.43.

About Aura FAT Projects Acquisition

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Aura FAT Projects Acquisition Corp does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in technology companies in Southeast Asia, Australia, and New Zealand.

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