Simon Property Group Acquisition Holdings, Inc. (NYSE:SPGS) Sees Significant Decrease in Short Interest

Simon Property Group Acquisition Holdings, Inc. (NYSE:SPGSGet Rating) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 7,200 shares, a drop of 32.7% from the March 31st total of 10,700 shares. Based on an average daily volume of 57,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

A number of hedge funds have recently added to or reduced their stakes in SPGS. Ancora Advisors LLC acquired a new stake in Simon Property Group Acquisition during the third quarter worth about $49,000. Penserra Capital Management LLC acquired a new stake in Simon Property Group Acquisition during the fourth quarter worth about $73,000. OLD Mission Capital LLC acquired a new stake in Simon Property Group Acquisition during the third quarter worth about $134,000. Evolution Capital Management LLC acquired a new stake in Simon Property Group Acquisition during the fourth quarter worth about $146,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Simon Property Group Acquisition during the fourth quarter worth about $167,000. 48.34% of the stock is currently owned by institutional investors and hedge funds.

SPGS stock opened at $9.80 on Friday. Simon Property Group Acquisition has a twelve month low of $9.68 and a twelve month high of $10.02. The business’s 50-day simple moving average is $9.77 and its 200 day simple moving average is $9.76.

About Simon Property Group Acquisition (Get Rating)

Simon Property Group Acquisition Holdings, Inc 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. The company was incorporated in 2020 and is based in Indianapolis, Indiana.

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