MDH Acquisition Corp. (NYSE:MDH) Short Interest Update

MDH Acquisition Corp. (NYSE:MDHGet Rating) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 20,500 shares, an increase of 73.7% from the March 31st total of 11,800 shares. Based on an average daily volume of 136,900 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Shares of MDH stock opened at $9.80 on Friday. The stock’s fifty day moving average price is $9.78 and its two-hundred day moving average price is $9.80. MDH Acquisition has a fifty-two week low of $9.60 and a fifty-two week high of $9.93.

Several hedge funds have recently modified their holdings of the business. Omni Event Management Ltd acquired a new stake in shares of MDH Acquisition in the 4th quarter valued at $10,374,000. Weiss Asset Management LP boosted its holdings in shares of MDH Acquisition by 480.2% in the 3rd quarter. Weiss Asset Management LP now owns 695,916 shares of the company’s stock valued at $6,855,000 after purchasing an additional 575,982 shares in the last quarter. Beryl Capital Management LLC boosted its holdings in shares of MDH Acquisition by 164.7% in the 4th quarter. Beryl Capital Management LLC now owns 628,775 shares of the company’s stock valued at $6,162,000 after purchasing an additional 391,200 shares in the last quarter. RPO LLC bought a new position in shares of MDH Acquisition in the 4th quarter valued at $6,140,000. Finally, Omni Partners US LLC boosted its holdings in shares of MDH Acquisition by 452.1% during the 3rd quarter. Omni Partners US LLC now owns 592,017 shares of the company’s stock valued at $5,831,000 after acquiring an additional 484,780 shares in the last quarter. 71.11% of the stock is currently owned by hedge funds and other institutional investors.

About MDH Acquisition (Get Rating)

MDH Acquisition 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 in transportation and logistics, telecommunications, financial services, and professional services industries.

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