SportsTek Acquisition Corp. (NASDAQ:SPTK) Sees Significant Increase in Short Interest

SportsTek Acquisition Corp. (NASDAQ:SPTKGet Rating) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 1,200 shares, an increase of 71.4% from the March 15th total of 700 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,100 shares, the days-to-cover ratio is currently 0.0 days.

Several large investors have recently added to or reduced their stakes in the company. Periscope Capital Inc. boosted its stake in shares of SportsTek Acquisition by 486.1% during the third quarter. Periscope Capital Inc. now owns 915,700 shares of the company’s stock valued at $8,928,000 after purchasing an additional 759,452 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of SportsTek Acquisition by 22.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 585,912 shares of the company’s stock valued at $5,707,000 after purchasing an additional 107,931 shares during the period. Marshall Wace LLP boosted its stake in shares of SportsTek Acquisition by 546.3% during the fourth quarter. Marshall Wace LLP now owns 552,446 shares of the company’s stock valued at $5,381,000 after purchasing an additional 466,974 shares during the period. Weiss Asset Management LP boosted its stake in shares of SportsTek Acquisition by 114.3% during the third quarter. Weiss Asset Management LP now owns 348,980 shares of the company’s stock valued at $3,403,000 after purchasing an additional 186,125 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of SportsTek Acquisition during the third quarter valued at approximately $3,291,000. 54.27% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:SPTK opened at $9.80 on Friday. SportsTek Acquisition has a fifty-two week low of $9.60 and a fifty-two week high of $10.09. The business has a 50 day moving average price of $9.76 and a 200-day moving average price of $9.74.

About SportsTek Acquisition (Get Rating)

SportsTek Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Tulsa, Oklahoma.

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