Redwoods Acquisition Corp. (NASDAQ:RWOD – Get Rating) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 600 shares, a decrease of 14.3% from the February 13th total of 700 shares. Based on an average daily trading volume, of 81,000 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's stock are sold short.
Institutional Trading of Redwoods Acquisition
Several institutional investors and hedge funds have recently bought and sold shares of RWOD. MMCAP International Inc. SPC acquired a new stake in Redwoods Acquisition during the second quarter valued at approximately $7,904,000. Karpus Management Inc. acquired a new stake in Redwoods Acquisition during the second quarter valued at approximately $1,148,000. Millennium Management LLC acquired a new stake in Redwoods Acquisition during the second quarter valued at approximately $296,000. Cubist Systematic Strategies LLC bought a new position in shares of Redwoods Acquisition during the second quarter valued at approximately $5,567,000. Finally, CVI Holdings LLC bought a new position in shares of Redwoods Acquisition during the second quarter valued at approximately $2,468,000. Institutional investors and hedge funds own 17.46% of the company's stock.
Get Redwoods Acquisition alerts:Redwoods Acquisition Stock Performance
Shares of NASDAQ RWOD opened at $10.24 on Monday. The stock's 50 day moving average price is $10.19 and its two-hundred day moving average price is $10.04. Redwoods Acquisition has a 52-week low of $9.78 and a 52-week high of $11.06.
About Redwoods Acquisition
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Redwoods Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. In intends to focus on businesses in the carbon neutral and energy storage industries.
Further Reading
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