Trepont Acquisition Corp I (NYSE:TACA) Sees Significant Drop in Short Interest

Trepont Acquisition Corp I (NYSE:TACAGet Rating) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 11,400 shares, a decrease of 53.8% from the March 31st total of 24,700 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 48,800 shares, the short-interest ratio is presently 0.2 days.

Several institutional investors have recently added to or reduced their stakes in the company. Hunting Hill Global Capital LLC bought a new stake in shares of Trepont Acquisition Corp I in the third quarter worth $152,000. Logan Stone Capital LLC bought a new stake in shares of Trepont Acquisition Corp I in the 4th quarter valued at about $206,000. Parallax Volatility Advisers L.P. acquired a new stake in shares of Trepont Acquisition Corp I in the fourth quarter valued at about $684,000. Goldman Sachs Group Inc. raised its position in shares of Trepont Acquisition Corp I by 70.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 94,345 shares of the company’s stock worth $942,000 after acquiring an additional 39,055 shares during the last quarter. Finally, Whitebox Advisors LLC lifted its stake in shares of Trepont Acquisition Corp I by 2.2% in the third quarter. Whitebox Advisors LLC now owns 150,000 shares of the company’s stock worth $1,496,000 after acquiring an additional 3,289 shares during the period. 83.59% of the stock is owned by institutional investors.

Trepont Acquisition Corp I stock remained flat at $$10.08 during trading hours on Friday. The company’s stock had a trading volume of 856 shares, compared to its average volume of 44,949. The business has a 50 day moving average of $10.05 and a 200 day moving average of $10.01. Trepont Acquisition Corp I has a 1 year low of $9.68 and a 1 year high of $10.09.

About Trepont Acquisition Corp I (Get Rating)

Trepont Acquisition Corp I is a blank check company. The company 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 2020 and is based in San Francisco, California.

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