H.I.G. Acquisition Corp. (NYSE:HIGA – Get Rating) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 35,400 shares, a growth of 45.1% from the March 15th total of 24,400 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 108,000 shares, the short-interest ratio is presently 0.3 days.
Shares of HIGA traded up $0.01 on Friday, reaching $9.89. 39,148 shares of the stock traded hands, compared to its average volume of 113,970. The stock’s 50-day moving average price is $9.84 and its 200-day moving average price is $9.82. H.I.G. Acquisition has a 12 month low of $9.68 and a 12 month high of $10.00.
Institutional investors and hedge funds have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. lifted its holdings in shares of H.I.G. Acquisition by 221.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,662,691 shares of the company’s stock worth $16,261,000 after acquiring an additional 1,145,780 shares during the period. Marshall Wace LLP lifted its stake in H.I.G. Acquisition by 101.6% during the third quarter. Marshall Wace LLP now owns 1,493,819 shares of the company’s stock worth $14,595,000 after purchasing an additional 752,786 shares during the period. Beryl Capital Management LLC lifted its stake in H.I.G. Acquisition by 111.6% during the third quarter. Beryl Capital Management LLC now owns 502,411 shares of the company’s stock worth $4,909,000 after purchasing an additional 265,000 shares during the period. Cantor Fitzgerald Investment Adviser L.P. acquired a new stake in H.I.G. Acquisition during the fourth quarter valued at approximately $2,178,000. Finally, Eisler Capital UK Ltd. bought a new stake in shares of H.I.G. Acquisition in the 4th quarter valued at approximately $1,575,000. Hedge funds and other institutional investors own 71.99% of the company’s stock.
H.I.G. Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. The company was founded in 2020 and is based in Miami, Florida.
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