Short Interest in Orion Acquisition Corp. (NASDAQ:OHPA) Grows By 215.2%

Orion Acquisition Corp. (NASDAQ:OHPAGet Rating) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 14,500 shares, a growth of 215.2% from the March 15th total of 4,600 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 29,400 shares, the days-to-cover ratio is currently 0.5 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN purchased a new stake in shares of Orion Acquisition during the 2nd quarter valued at approximately $97,000. Basso Capital Management L.P. purchased a new stake in shares of Orion Acquisition during the 3rd quarter valued at approximately $177,000. Robinson Capital Management LLC purchased a new stake in shares of Orion Acquisition during the 3rd quarter valued at approximately $101,000. Segantii Capital Management Ltd purchased a new stake in shares of Orion Acquisition during the 3rd quarter valued at approximately $970,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Orion Acquisition by 0.3% during the 3rd quarter. Goldman Sachs Group Inc. now owns 330,023 shares of the company’s stock valued at $3,201,000 after buying an additional 1,048 shares during the period. 48.10% of the stock is currently owned by institutional investors and hedge funds.

OHPA opened at $9.78 on Wednesday. The company’s 50 day simple moving average is $9.75 and its two-hundred day simple moving average is $9.75. Orion Acquisition has a 1-year low of $9.51 and a 1-year high of $12.66.

Orion Acquisition Company Profile (Get Rating)

Orion Acquisition Corp. is a blank check company. The company was incorporated in 2020 and is based in New York, New York.

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