Mercury Ecommerce Acquisition Corp. (NASDAQ:MEAC – Get Rating) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 5,200 shares, an increase of 40.5% from the March 31st total of 3,700 shares. Based on an average daily volume of 50,700 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.
Mercury Ecommerce Acquisition stock remained flat at $$9.90 during mid-day trading on Friday. The stock has a fifty day simple moving average of $9.86 and a two-hundred day simple moving average of $9.83. Mercury Ecommerce Acquisition has a 1-year low of $9.63 and a 1-year high of $10.77.
A number of institutional investors have recently added to or reduced their stakes in the business. Ancora Advisors LLC bought a new stake in Mercury Ecommerce Acquisition in the third quarter valued at $155,000. Goldman Sachs Group Inc. bought a new stake in Mercury Ecommerce Acquisition in the fourth quarter valued at $340,000. Schonfeld Strategic Advisors LLC bought a new stake in Mercury Ecommerce Acquisition in the fourth quarter valued at $409,000. Millennium Management LLC bought a new stake in Mercury Ecommerce Acquisition in the fourth quarter valued at $429,000. Finally, Fifth Lane Capital LP bought a new stake in Mercury Ecommerce Acquisition in the fourth quarter valued at $490,000. 36.52% of the stock is owned by hedge funds and other institutional investors.
Mercury Ecommerce Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Houston, Texas.
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