Noble Rock Acquisition Co. (NASDAQ:NRAC) Short Interest Down 87.5% in April

Noble Rock Acquisition Co. (NASDAQ:NRACGet Rating) saw a large decrease in short interest in April. As of April 15th, there was short interest totalling 2,600 shares, a decrease of 87.5% from the March 31st total of 20,800 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 53,800 shares, the days-to-cover ratio is presently 0.0 days.

Noble Rock Acquisition stock traded up $0.01 during midday trading on Wednesday, hitting $9.84. The stock had a trading volume of 32,329 shares, compared to its average volume of 59,681. The stock has a fifty day moving average of $9.79. Noble Rock Acquisition has a 52-week low of $9.61 and a 52-week high of $9.89.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Glazer Capital LLC grew its holdings in Noble Rock Acquisition by 0.6% during the 4th quarter. Glazer Capital LLC now owns 1,304,104 shares of the company’s stock valued at $12,663,000 after buying an additional 8,314 shares in the last quarter. Marshall Wace LLP grew its holdings in Noble Rock Acquisition by 130.0% during the 3rd quarter. Marshall Wace LLP now owns 1,149,926 shares of the company’s stock valued at $11,166,000 after buying an additional 650,030 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Noble Rock Acquisition by 79.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 865,086 shares of the company’s stock valued at $8,400,000 after buying an additional 384,009 shares in the last quarter. Saba Capital Management L.P. grew its holdings in Noble Rock Acquisition by 4.7% during the 4th quarter. Saba Capital Management L.P. now owns 643,071 shares of the company’s stock valued at $6,244,000 after buying an additional 29,002 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in Noble Rock Acquisition by 99.2% during the 3rd quarter. Citadel Advisors LLC now owns 596,699 shares of the company’s stock valued at $5,794,000 after buying an additional 297,125 shares in the last quarter. 57.63% of the stock is owned by institutional investors and hedge funds.

About Noble Rock Acquisition (Get Rating)

Noble Rock Acquisition Corporation 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 software and tech-enabled services sectors. The company was incorporated in 2020 and is based in Wilmington, Delaware.

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