TLG Acquisition One Corp. (NYSE:TLGA – Get Rating) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 107,300 shares, an increase of 5,861.1% from the March 15th total of 1,800 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 45,100 shares, the short-interest ratio is presently 2.4 days.
TLGA remained flat at $$9.79 during midday trading on Tuesday. The company’s stock had a trading volume of 3,543 shares, compared to its average volume of 33,491. The stock has a 50-day moving average of $9.75. TLG Acquisition One has a 1-year low of $9.60 and a 1-year high of $9.90.
A number of institutional investors and hedge funds have recently modified their holdings of the business. GAM Holding AG purchased a new stake in TLG Acquisition One during the 4th quarter valued at $336,000. Omni Event Management Ltd purchased a new stake in TLG Acquisition One during the 4th quarter valued at $2,522,000. Toroso Investments LLC lifted its position in shares of TLG Acquisition One by 107.6% in the 4th quarter. Toroso Investments LLC now owns 21,574 shares of the company’s stock worth $210,000 after purchasing an additional 11,180 shares during the period. Graham Capital Wealth Management LLC purchased a new stake in shares of TLG Acquisition One in the 4th quarter worth about $196,000. Finally, Saba Capital Management L.P. lifted its position in shares of TLG Acquisition One by 44.3% in the 4th quarter. Saba Capital Management L.P. now owns 1,241,376 shares of the company’s stock worth $12,079,000 after purchasing an additional 381,136 shares during the period. 54.13% of the stock is owned by institutional investors and hedge funds.
TLG Acquisition One Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in West Palm Beach, Florida.
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