NightDragon Acquisition Corp. (NASDAQ:NDAC) Short Interest Down 40.3% in April

NightDragon Acquisition Corp. (NASDAQ:NDACGet Rating) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 3,700 shares, a decline of 40.3% from the March 31st total of 6,200 shares. Based on an average daily trading volume, of 47,400 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC grew its position in shares of NightDragon Acquisition by 6.6% in the fourth quarter. Wolverine Asset Management LLC now owns 35,438 shares of the company’s stock valued at $345,000 after purchasing an additional 2,182 shares during the period. Glazer Capital LLC grew its position in shares of NightDragon Acquisition by 4.8% in the third quarter. Glazer Capital LLC now owns 60,581 shares of the company’s stock valued at $592,000 after purchasing an additional 2,777 shares during the period. Cohanzick Management LLC acquired a new stake in shares of NightDragon Acquisition in the third quarter valued at about $54,000. Evolution Capital Management LLC acquired a new stake in shares of NightDragon Acquisition in the fourth quarter valued at about $98,000. Finally, Magnetar Financial LLC acquired a new stake in shares of NightDragon Acquisition in the third quarter valued at about $101,000. 59.62% of the stock is owned by institutional investors.

NDAC opened at $9.80 on Friday. NightDragon Acquisition has a fifty-two week low of $9.56 and a fifty-two week high of $9.96. The company has a fifty day moving average of $9.76 and a two-hundred day moving average of $9.76.

About NightDragon Acquisition (Get Rating)

NightDragon Acquisition Corp. 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 founded in 2020 and is based in San Francisco, California.

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