Logistics Innovation Technologies Corp. (NASDAQ:LITT) Short Interest Update

Logistics Innovation Technologies Corp. (NASDAQ:LITTGet Rating) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 6,900 shares, a decline of 92.0% from the March 31st total of 85,800 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 20,200 shares, the days-to-cover ratio is currently 0.3 days.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV acquired a new stake in Logistics Innovation Technologies in the 4th quarter worth approximately $224,000. Cubist Systematic Strategies LLC acquired a new position in shares of Logistics Innovation Technologies during the fourth quarter worth approximately $867,000. Segantii Capital Management Ltd acquired a new position in shares of Logistics Innovation Technologies during the third quarter worth approximately $980,000. Oaktree Capital Management LP acquired a new position in shares of Logistics Innovation Technologies during the third quarter worth approximately $1,458,000. Finally, Balyasny Asset Management LLC acquired a new position in shares of Logistics Innovation Technologies during the third quarter worth approximately $1,702,000. Hedge funds and other institutional investors own 58.19% of the company’s stock.

LITT remained flat at $$9.72 on Wednesday. The stock’s 50 day simple moving average is $9.72 and its 200 day simple moving average is $9.72. Logistics Innovation Technologies has a 12 month low of $9.33 and a 12 month high of $9.85.

Logistics Innovation Technologies Company Profile (Get Rating)

Logistics Innovation Technologies Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Atlanta, Georgia.

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