Short Interest in Forum Merger IV Co. (NASDAQ:FMIV) Decreases By 46.8%

Forum Merger IV Co. (NASDAQ:FMIVGet Rating) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 5,800 shares, a decline of 46.8% from the March 15th total of 10,900 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 104,600 shares, the days-to-cover ratio is currently 0.1 days.

Hedge funds have recently modified their holdings of the stock. Omni Partners US LLC raised its holdings in shares of Forum Merger IV by 4.3% in the third quarter. Omni Partners US LLC now owns 566,982 shares of the company’s stock worth $5,533,000 after acquiring an additional 23,364 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of Forum Merger IV by 9.4% in the third quarter. Citadel Advisors LLC now owns 1,783,470 shares of the company’s stock worth $17,407,000 after acquiring an additional 153,334 shares during the last quarter. Periscope Capital Inc. acquired a new position in shares of Forum Merger IV in the third quarter worth $732,000. Millennium Management LLC raised its holdings in shares of Forum Merger IV by 350.0% in the third quarter. Millennium Management LLC now owns 1,125,000 shares of the company’s stock worth $10,980,000 after acquiring an additional 875,000 shares during the last quarter. Finally, Highbridge Capital Management LLC raised its holdings in shares of Forum Merger IV by 9.6% in the third quarter. Highbridge Capital Management LLC now owns 1,995,980 shares of the company’s stock worth $19,481,000 after acquiring an additional 175,184 shares during the last quarter. 57.60% of the stock is owned by hedge funds and other institutional investors.

FMIV stock traded up $0.01 during midday trading on Friday, hitting $9.80. 2,453 shares of the stock were exchanged, compared to its average volume of 221,834. The stock’s 50-day moving average price is $9.74 and its 200-day moving average price is $9.75. Forum Merger IV has a fifty-two week low of $9.63 and a fifty-two week high of $9.92.

About Forum Merger IV (Get Rating)

Forum Merger IV Corporation intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Delray Beach, Florida.

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