Fifth Wall Acquisition Corp. III (NASDAQ:FWAC) Sees Large Increase in Short Interest

Fifth Wall Acquisition Corp. III (NASDAQ:FWACGet 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 3,600 shares, an increase of 28.6% from the March 15th total of 2,800 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 90,400 shares, the days-to-cover ratio is currently 0.0 days.

Several institutional investors and hedge funds have recently made changes to their positions in FWAC. Marshall Wace LLP increased its position in Fifth Wall Acquisition Corp. III by 0.7% during the 3rd quarter. Marshall Wace LLP now owns 352,419 shares of the company’s stock valued at $3,461,000 after purchasing an additional 2,419 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of Fifth Wall Acquisition Corp. III by 0.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 689,144 shares of the company’s stock worth $6,857,000 after buying an additional 3,100 shares during the period. FNY Investment Advisers LLC grew its position in shares of Fifth Wall Acquisition Corp. III by 8.1% in the 4th quarter. FNY Investment Advisers LLC now owns 47,700 shares of the company’s stock worth $474,000 after buying an additional 3,560 shares during the period. Glazer Capital LLC grew its position in shares of Fifth Wall Acquisition Corp. III by 1,335.6% in the 3rd quarter. Glazer Capital LLC now owns 10,049 shares of the company’s stock worth $99,000 after buying an additional 9,349 shares during the period. Finally, Bulldog Investors LLP purchased a new stake in shares of Fifth Wall Acquisition Corp. III in the 4th quarter worth about $149,000. Hedge funds and other institutional investors own 85.09% of the company’s stock.

Shares of FWAC traded up $0.00 during mid-day trading on Monday, reaching $9.75. The company’s stock had a trading volume of 3,000 shares, compared to its average volume of 100,300. Fifth Wall Acquisition Corp. III has a 52 week low of $9.63 and a 52 week high of $10.75. The stock’s fifty day moving average price is $9.71.

Fifth Wall Acquisition Corp. III Company Profile (Get Rating)

Fifth Wall Acquisition Corp. III 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 Los Angeles, California.

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