EG Acquisition Corp. (NYSE:EGGF) Short Interest Update

EG Acquisition Corp. (NYSE:EGGFGet Rating) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 1,200 shares, a decrease of 45.5% from the March 15th total of 2,200 shares. Based on an average trading volume of 38,800 shares, the short-interest ratio is currently 0.0 days.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC acquired a new stake in EG Acquisition in the fourth quarter valued at $9,628,000. D. E. Shaw & Co. Inc. raised its holdings in EG Acquisition by 1,979.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 744,067 shares of the company’s stock valued at $7,232,000 after acquiring an additional 708,280 shares in the last quarter. Oribel Capital Management LP raised its holdings in shares of EG Acquisition by 2.9% during the fourth quarter. Oribel Capital Management LP now owns 500,000 shares of the company’s stock worth $4,860,000 after purchasing an additional 14,164 shares during the period. OLD Mission Capital LLC raised its holdings in shares of EG Acquisition by 57.2% during the fourth quarter. OLD Mission Capital LLC now owns 17,272 shares of the company’s stock worth $168,000 after purchasing an additional 6,286 shares during the period. Finally, Toronto Dominion Bank acquired a new stake in shares of EG Acquisition during the fourth quarter worth $972,000. 51.88% of the stock is currently owned by hedge funds and other institutional investors.

EGGF remained flat at $$9.73 during trading on Friday. 148,953 shares of the company traded hands, compared to its average volume of 57,494. The stock has a fifty day moving average of $9.70 and a 200-day moving average of $9.71. EG Acquisition has a 1 year low of $9.59 and a 1 year high of $9.95.

EG Acquisition Company Profile (Get Rating)

EG Acquisition Corp., a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses, which we refer to as our initial business combination. The company was incorporated in 2021 and is based in New York, New York.

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