Freedom Acquisition I Corp. (NYSE:FACT – Get Rating) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 10,300 shares, an increase of 41.1% from the March 15th total of 7,300 shares. Based on an average trading volume of 21,200 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.
A number of large investors have recently modified their holdings of FACT. Iron Park Capital Partners LP bought a new position in shares of Freedom Acquisition I in the 4th quarter valued at about $109,000. GAM Holding AG bought a new position in shares of Freedom Acquisition I in the 4th quarter valued at about $322,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of Freedom Acquisition I by 53.7% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 46,124 shares of the company’s stock valued at $446,000 after purchasing an additional 16,116 shares during the last quarter. Cantor Fitzgerald Investment Adviser L.P. bought a new position in shares of Freedom Acquisition I in the 4th quarter valued at about $456,000. Finally, Beryl Capital Management LLC bought a new position in shares of Freedom Acquisition I in the 4th quarter valued at about $484,000. 54.00% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:FACT remained flat at $$9.82 during mid-day trading on Friday. 1,019 shares of the company’s stock were exchanged, compared to its average volume of 11,255. Freedom Acquisition I has a 12-month low of $9.60 and a 12-month high of $10.30. The firm’s 50 day moving average is $9.76 and its two-hundred day moving average is $9.74.
Freedom Acquisition I Corp., a blank check company, intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses. The company was founded in 2020 and is based in New York, New York.
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