Short Interest in Ribbit LEAP, Ltd. (NYSE:LEAP) Drops By 48.0%

Ribbit LEAP, Ltd. (NYSE:LEAPGet Rating) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 57,300 shares, a decline of 48.0% from the March 15th total of 110,200 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 126,600 shares, the days-to-cover ratio is currently 0.5 days.

Several large investors have recently modified their holdings of LEAP. Alpha Family Trust boosted its holdings in shares of Ribbit LEAP by 5,156.4% in the 3rd quarter. Alpha Family Trust now owns 105,127 shares of the company’s stock worth $1,064,000 after buying an additional 103,127 shares during the last quarter. MYDA Advisors LLC boosted its holdings in shares of Ribbit LEAP by 61.6% in the 4th quarter. MYDA Advisors LLC now owns 161,562 shares of the company’s stock worth $1,617,000 after buying an additional 61,562 shares during the last quarter. Vetamer Capital Management L.P. purchased a new position in shares of Ribbit LEAP in the 4th quarter worth about $2,769,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of Ribbit LEAP by 43.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 65,320 shares of the company’s stock worth $654,000 after buying an additional 19,911 shares during the last quarter. Finally, Exos Asset Management LLC purchased a new position in shares of Ribbit LEAP in the 1st quarter worth about $139,000. 79.56% of the stock is currently owned by institutional investors.

Shares of NYSE:LEAP traded up $0.01 during midday trading on Friday, reaching $9.91. The company had a trading volume of 5,468 shares, compared to its average volume of 49,619. The company’s 50 day moving average price is $9.87 and its 200 day moving average price is $10.04. Ribbit LEAP has a 52-week low of $9.73 and a 52-week high of $11.67.

About Ribbit LEAP (Get Rating)

Ribbit LEAP, Ltd. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the financial services and technology sectors. The company was incorporated in 2020 and is based in Palo Alto, California.

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