Rosecliff Acquisition Corp I (NASDAQ:RCLF – Get Rating) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 16,000 shares, a decrease of 21.2% from the March 15th total of 20,300 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 105,600 shares, the short-interest ratio is presently 0.2 days.
The firm’s fifty day moving average price is $9.80 and its two-hundred day moving average price is $9.78. Rosecliff Acquisition Corp I has a 12-month low of $9.61 and a 12-month high of $9.99.
A number of institutional investors and hedge funds have recently made changes to their positions in RCLF. Basso Capital Management L.P. boosted its position in Rosecliff Acquisition Corp I by 209.0% during the 3rd quarter. Basso Capital Management L.P. now owns 288,307 shares of the company’s stock valued at $2,799,000 after buying an additional 195,000 shares during the period. Robinson Capital Management LLC purchased a new stake in shares of Rosecliff Acquisition Corp I in the 3rd quarter worth about $101,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Rosecliff Acquisition Corp I in the 3rd quarter worth about $1,940,000. Granite Point Capital Management L.P. purchased a new stake in shares of Rosecliff Acquisition Corp I in the 3rd quarter worth about $3,399,000. Finally, MYDA Advisors LLC purchased a new stake in shares of Rosecliff Acquisition Corp I in the 3rd quarter worth about $880,000. 51.58% of the stock is owned by institutional investors and hedge funds.
Rosecliff Acquisition Corp I, a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization/similar business combination with one or more businesses. The company was incoporated in 2020 and is based in New York, New York.
- Get a free copy of the StockNews.com research report on Rosecliff Acquisition Corp I (RCLF)
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