Highland Transcend Partners I Corp. (NYSE:HTPA) Sees Large Increase in Short Interest

Highland Transcend Partners I Corp. (NYSE:HTPAGet Rating) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 77,100 shares, a growth of 321.3% from the March 31st total of 18,300 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 254,000 shares, the days-to-cover ratio is currently 0.3 days.

Several large investors have recently modified their holdings of HTPA. Weiss Asset Management LP raised its position in shares of Highland Transcend Partners I by 1,771.2% during the third quarter. Weiss Asset Management LP now owns 1,289,253 shares of the company’s stock worth $12,789,000 after purchasing an additional 1,220,353 shares during the period. Cohanzick Management LLC bought a new position in Highland Transcend Partners I in the 3rd quarter valued at $4,475,000. Omni Event Management Ltd bought a new position in Highland Transcend Partners I in the 4th quarter valued at $2,952,000. Picton Mahoney Asset Management grew its stake in Highland Transcend Partners I by 55.0% in the 3rd quarter. Picton Mahoney Asset Management now owns 413,405 shares of the company’s stock valued at $4,101,000 after purchasing an additional 146,745 shares during the period. Finally, Difesa Capital Management LP bought a new position in Highland Transcend Partners I in the 4th quarter valued at $1,194,000. 74.74% of the stock is currently owned by institutional investors.

Shares of NYSE:HTPA opened at $9.87 on Thursday. Highland Transcend Partners I has a twelve month low of $9.31 and a twelve month high of $10.51. The stock’s 50 day moving average price is $9.88.

About Highland Transcend Partners I (Get Rating)

Highland Transcend Partners I Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Miami Beach, Florida.

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