Aries I Acquisition Co. (NASDAQ:RAMMU – Get Rating) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 200 shares, a drop of 33.3% from the March 15th total of 300 shares. Based on an average daily volume of 3,000 shares, the days-to-cover ratio is presently 0.1 days.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealthspring Capital LLC lifted its stake in shares of Aries I Acquisition by 4.8% in the 3rd quarter. Wealthspring Capital LLC now owns 54,600 shares of the company’s stock valued at $555,000 after purchasing an additional 2,500 shares during the period. SkyView Investment Advisors LLC purchased a new position in Aries I Acquisition during the third quarter valued at $509,000. Citadel Advisors LLC purchased a new position in Aries I Acquisition during the third quarter valued at $130,000. Finally, Wells Fargo & Company MN purchased a new position in Aries I Acquisition during the second quarter valued at $109,000.
RAMMU opened at $10.27 on Friday. The business has a 50 day moving average of $10.23 and a 200-day moving average of $10.29. Aries I Acquisition has a 52 week low of $9.90 and a 52 week high of $11.55.
Aries I Acquisition Corporation intends to effect a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on opportunities in various specialized fields within the technology sector across North America, Europe, and Asia.
- Get a free copy of the StockNews.com research report on Aries I Acquisition (RAMMU)
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