Vahanna Tech Edge Acquisition I Corp. (NASDAQ:VHNAU – Get Rating) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 400 shares, a drop of 20.0% from the March 15th total of 500 shares. Based on an average trading volume of 8,900 shares, the days-to-cover ratio is presently 0.0 days.
Shares of VHNAU stock opened at $10.10 on Tuesday. The company’s 50 day simple moving average is $10.06. Vahanna Tech Edge Acquisition I has a 52-week low of $9.90 and a 52-week high of $10.15.
A number of institutional investors and hedge funds have recently made changes to their positions in VHNAU. Fifth Lane Capital LP acquired a new stake in shares of Vahanna Tech Edge Acquisition I during the fourth quarter worth $252,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Vahanna Tech Edge Acquisition I during the fourth quarter worth $252,000. Walleye Trading LLC acquired a new stake in shares of Vahanna Tech Edge Acquisition I during the fourth quarter worth $363,000. Whitebox Advisors LLC acquired a new stake in shares of Vahanna Tech Edge Acquisition I during the fourth quarter worth $403,000. Finally, Angelo Gordon & CO. L.P. acquired a new stake in shares of Vahanna Tech Edge Acquisition I during the fourth quarter worth $504,000.
Vahanna Tech Edge Acquisition I Corp. intends to acquire assets and businesses through a merger, share exchange, share purchase, reorganization, or similar business combination. It focuses on acquiring business within the technology sector. The company was incorporated in 2021 and is based in New York, New York.
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