Short Interest in Edify Acquisition Corp. (NASDAQ:EAC) Declines By 49.0%

Edify Acquisition Corp. (NASDAQ:EACGet Rating) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 5,100 shares, a decline of 49.0% from the March 15th total of 10,000 shares. Based on an average trading volume of 20,900 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Several hedge funds and other institutional investors have recently modified their holdings of EAC. Magnetar Financial LLC acquired a new stake in Edify Acquisition in the 3rd quarter worth approximately $100,000. CI Investments Inc. bought a new position in Edify Acquisition during the third quarter worth $104,000. Clear Street LLC acquired a new position in Edify Acquisition during the 4th quarter valued at $112,000. Timelo Investment Management Inc. bought a new stake in shares of Edify Acquisition in the fourth quarter valued at about $293,000. Finally, PEAK6 Investments LLC lifted its stake in shares of Edify Acquisition by 20.5% in the third quarter. PEAK6 Investments LLC now owns 30,137 shares of the company’s stock valued at $294,000 after buying an additional 5,137 shares during the period. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of Edify Acquisition stock remained flat at $$9.81 during midday trading on Friday. 2 shares of the stock were exchanged, compared to its average volume of 8,737. Edify Acquisition has a fifty-two week low of $9.58 and a fifty-two week high of $9.95. The firm has a 50 day moving average of $9.78 and a 200 day moving average of $9.76.

Edify Acquisition Company Profile (Get Rating)

Edify Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more operating businesses. The company was incorporated in 2020 and is based in New York, New York.

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