TradeUP Acquisition Corp. (NASDAQ:UPTD) Short Interest Up 98.8% in April

TradeUP Acquisition Corp. (NASDAQ:UPTDGet Rating) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 16,300 shares, an increase of 98.8% from the March 31st total of 8,200 shares. Based on an average trading volume of 5,000 shares, the days-to-cover ratio is presently 3.3 days. Currently, 0.4% of the company’s stock are short sold.

Several institutional investors have recently modified their holdings of UPTD. Weiss Asset Management LP bought a new position in shares of TradeUP Acquisition in the 3rd quarter worth about $99,000. Millennium Management LLC purchased a new stake in TradeUP Acquisition during the 4th quarter valued at about $99,000. Schonfeld Strategic Advisors LLC purchased a new stake in TradeUP Acquisition during the 3rd quarter valued at about $198,000. Landscape Capital Management L.L.C. grew its position in TradeUP Acquisition by 107.3% during the 4th quarter. Landscape Capital Management L.L.C. now owns 20,730 shares of the company’s stock valued at $205,000 after purchasing an additional 10,730 shares during the last quarter. Finally, Hunting Hill Global Capital LLC purchased a new stake in TradeUP Acquisition during the 3rd quarter valued at about $260,000. Institutional investors own 53.41% of the company’s stock.

Shares of TradeUP Acquisition stock opened at $10.01 on Friday. The stock has a 50-day simple moving average of $9.98. TradeUP Acquisition has a 1 year low of $9.72 and a 1 year high of $10.15.

TradeUP Acquisition Company Profile (Get Rating)

TradeUP Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

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