Thrive Acquisition Co. (NASDAQ:THAC – Get Rating) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 17,800 shares, a drop of 39.2% from the March 31st total of 29,300 shares. Based on an average daily volume of 52,000 shares, the days-to-cover ratio is presently 0.3 days.
NASDAQ THAC opened at $10.05 on Friday. The company has a 50 day simple moving average of $9.99. Thrive Acquisition has a one year low of $9.83 and a one year high of $12.97.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Saba Capital Management L.P. purchased a new position in shares of Thrive Acquisition in the fourth quarter valued at approximately $15,382,000. Marshall Wace LLP purchased a new position in Thrive Acquisition in the fourth quarter worth approximately $7,695,000. Beryl Capital Management LLC purchased a new position in Thrive Acquisition in the fourth quarter worth approximately $7,586,000. D. E. Shaw & Co. Inc. purchased a new position in Thrive Acquisition in the fourth quarter worth approximately $6,204,000. Finally, Starboard Value LP purchased a new position in Thrive Acquisition in the fourth quarter worth approximately $4,999,000. 24.05% of the stock is owned by institutional investors and hedge funds.
Thrive Acquisition Corporation is a blank check company that focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses in healthcare and wellness industry. The company was incorporated in 2021 and is based in Newton, Massachusetts.
- Get a free copy of the StockNews.com research report on Thrive Acquisition (THAC)
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