OTR Acquisition Corp. (NASDAQ:OTRA – Get Rating) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 8,000 shares, a drop of 60.8% from the March 15th total of 20,400 shares. Based on an average trading volume of 58,600 shares, the short-interest ratio is presently 0.1 days.
OTRA remained flat at $$10.22 during trading on Friday. 15,769 shares of the company’s stock traded hands, compared to its average volume of 27,617. OTR Acquisition has a 52 week low of $9.96 and a 52 week high of $10.23. The business’s fifty day simple moving average is $10.19 and its 200 day simple moving average is $10.14.
Large investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new stake in shares of OTR Acquisition during the second quarter worth $130,000. Kohlberg Kravis Roberts & Co. L.P. lifted its stake in shares of OTR Acquisition by 4.5% during the fourth quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 70,146 shares of the company’s stock worth $711,000 after buying an additional 3,032 shares during the period. Cantor Fitzgerald Investment Adviser L.P. acquired a new stake in shares of OTR Acquisition during the fourth quarter worth $760,000. Weiss Asset Management LP acquired a new stake in shares of OTR Acquisition during the third quarter worth $1,229,000. Finally, Berkley W R Corp lifted its stake in shares of OTR Acquisition by 1.4% during the third quarter. Berkley W R Corp now owns 326,755 shares of the company’s stock worth $3,288,000 after buying an additional 4,394 shares during the period. Institutional investors and hedge funds own 83.54% of the company’s stock.
OTR Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in Miami, Florida.
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