Short Interest in Frontier Investment Corp (NASDAQ:FICV) Expands By 33.3%

Frontier Investment Corp (NASDAQ:FICVGet Rating) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 3,200 shares, an increase of 33.3% from the March 31st total of 2,400 shares. Based on an average daily trading volume, of 7,300 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional investors and hedge funds have recently bought and sold shares of the business. D. E. Shaw & Co. Inc. bought a new position in shares of Frontier Investment during the fourth quarter valued at $3,202,000. Marshall Wace LLP purchased a new stake in shares of Frontier Investment during the fourth quarter valued at $1,560,000. Ghisallo Capital Management LLC purchased a new stake in shares of Frontier Investment during the fourth quarter valued at $914,000. Wolverine Asset Management LLC purchased a new stake in shares of Frontier Investment during the fourth quarter valued at $891,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Frontier Investment during the fourth quarter valued at $667,000. Institutional investors and hedge funds own 21.28% of the company’s stock.

Shares of Frontier Investment stock traded down $0.01 during midday trading on Monday, reaching $9.72. 100,000 shares of the company’s stock traded hands, compared to its average volume of 22,450. The company’s 50 day moving average is $9.69. Frontier Investment has a 12 month low of $9.61 and a 12 month high of $9.89.

Frontier Investment Company Profile (Get Rating)

Frontier Investment Corp focuses on effecting a merger, capital stock 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 Grand Cayman, Cayman Islands.

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