COVA Acquisition Corp. (NASDAQ:COVA) Sees Significant Growth in Short Interest

COVA Acquisition Corp. (NASDAQ:COVAGet Rating) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 15,000 shares, an increase of 111.3% from the March 15th total of 7,100 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Institutional investors and hedge funds have recently bought and sold shares of the business. Seaport Global Asset Management LLC bought a new position in shares of COVA Acquisition in the third quarter worth approximately $51,000. Magnetar Financial LLC bought a new position in shares of COVA Acquisition in the third quarter worth approximately $101,000. DeepCurrents Investment Group LLC bought a new position in shares of COVA Acquisition in the fourth quarter worth approximately $173,000. Geode Capital Management LLC boosted its position in shares of COVA Acquisition by 16.6% in the fourth quarter. Geode Capital Management LLC now owns 20,529 shares of the company’s stock worth $200,000 after purchasing an additional 2,919 shares during the period. Finally, Mariner Investment Group LLC boosted its position in shares of COVA Acquisition by 93.9% in the third quarter. Mariner Investment Group LLC now owns 20,655 shares of the company’s stock worth $201,000 after purchasing an additional 10,000 shares during the period. Institutional investors and hedge funds own 49.62% of the company’s stock.

Shares of COVA stock opened at $9.80 on Friday. COVA Acquisition has a 12 month low of $9.60 and a 12 month high of $9.85. The company has a 50 day simple moving average of $9.77 and a two-hundred day simple moving average of $9.75.

About COVA Acquisition (Get Rating)

COVA Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was founded in 2020 and is based in San Francisco, California.

Recommended Stories

Receive News & Ratings for COVA Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for COVA Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.