Itiquira Acquisition Corp. (NASDAQ:ITQ – Get Rating) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 4,200 shares, a decline of 27.6% from the March 31st total of 5,800 shares. Based on an average daily trading volume, of 26,800 shares, the short-interest ratio is presently 0.2 days.
Several hedge funds have recently made changes to their positions in ITQ. Millennium Management LLC acquired a new position in shares of Itiquira Acquisition during the second quarter worth approximately $357,000. Picton Mahoney Asset Management acquired a new position in shares of Itiquira Acquisition during the third quarter worth approximately $1,949,000. Magnetar Financial LLC acquired a new position in shares of Itiquira Acquisition during the third quarter worth approximately $101,000. Cohanzick Management LLC lifted its position in shares of Itiquira Acquisition by 13.4% during the third quarter. Cohanzick Management LLC now owns 56,690 shares of the company’s stock worth $552,000 after purchasing an additional 6,690 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Itiquira Acquisition during the third quarter worth approximately $3,498,000. Institutional investors own 53.75% of the company’s stock.
NASDAQ:ITQ remained flat at $$9.83 on Monday. 300 shares of the company’s stock were exchanged, compared to its average volume of 43,005. Itiquira Acquisition has a 52-week low of $9.60 and a 52-week high of $9.85. The firm has a fifty day moving average price of $9.78.
Itiquira Acquisition Corp. focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was founded in 2020 and is based in New York, New York.
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