Short Interest in B. Riley Principal 250 Merger Corp. (NASDAQ:BRIV) Rises By 100.0%

B. Riley Principal 250 Merger Corp. (NASDAQ:BRIV – Get Rating) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 7,200 shares, an increase of 100.0% from the March 31st total of 3,600 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 19,400 shares, the short-interest ratio is presently 0.4 days.

BRIV stock opened at $9.76 on Friday. The business’s fifty day simple moving average is $9.73 and its two-hundred day simple moving average is $9.73. B. Riley Principal 250 Merger has a twelve month low of $9.59 and a twelve month high of $10.22.

A number of hedge funds have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. bought a new position in shares of B. Riley Principal 250 Merger during the 3rd quarter worth $644,000. Basso Capital Management L.P. bought a new position in shares of B. Riley Principal 250 Merger during the 3rd quarter worth $2,576,000. Picton Mahoney Asset Management bought a new position in shares of B. Riley Principal 250 Merger during the 3rd quarter worth $969,000. ATW Spac Management LLC bought a new position in shares of B. Riley Principal 250 Merger during the 3rd quarter worth $581,000. Finally, Segantii Capital Management Ltd bought a new position in shares of B. Riley Principal 250 Merger during the 3rd quarter worth $2,183,000. Institutional investors and hedge funds own 50.06% of the company’s stock.

B. Riley Principal 250 Merger Company Profile (Get Rating)

B. Riley Principal 250 Merger Corp. 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. The company was incorporated in 2020 and is based in New York, New York.

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