Short Interest in Levere Holdings Corp. (NASDAQ:LVRA) Grows By 52.2%

Levere Holdings Corp. (NASDAQ:LVRAGet Rating) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 3,500 shares, an increase of 52.2% from the March 15th total of 2,300 shares. Based on an average daily trading volume, of 20,100 shares, the days-to-cover ratio is currently 0.2 days.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC acquired a new position in Levere during the third quarter valued at approximately $32,000. Cohanzick Management LLC acquired a new position in Levere during the third quarter valued at approximately $54,000. Geode Capital Management LLC acquired a new position in Levere during the fourth quarter valued at approximately $98,000. Magnetar Financial LLC acquired a new position in Levere during the third quarter valued at approximately $101,000. Finally, Goldman Sachs Group Inc. acquired a new position in Levere during the fourth quarter valued at approximately $115,000. Hedge funds and other institutional investors own 50.93% of the company’s stock.

Shares of NASDAQ:LVRA remained flat at $$9.80 during trading on Friday. 79 shares of the stock traded hands, compared to its average volume of 26,830. Levere has a 12 month low of $9.60 and a 12 month high of $10.10. The company’s fifty day moving average is $9.74 and its 200-day moving average is $9.76.

Levere Company Profile (Get Rating)

Levere Holdings Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Grand Cayman, Cayman Islands.

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