Short Interest in KINS Technology Group Inc. (NASDAQ:KINZ) Decreases By 27.5%

KINS Technology Group Inc. (NASDAQ:KINZGet Rating) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 7,900 shares, a drop of 27.5% from the March 31st total of 10,900 shares. Based on an average trading volume of 41,900 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional investors have recently bought and sold shares of the company. DeepCurrents Investment Group LLC bought a new position in shares of KINS Technology Group in the fourth quarter valued at approximately $177,000. Exos Asset Management LLC acquired a new stake in KINS Technology Group during the first quarter valued at approximately $259,000. Logan Stone Capital LLC acquired a new stake in KINS Technology Group during the fourth quarter valued at approximately $372,000. Citigroup Inc. acquired a new stake in KINS Technology Group during the fourth quarter valued at approximately $459,000. Finally, Bank of America Corp DE lifted its stake in KINS Technology Group by 16.3% during the second quarter. Bank of America Corp DE now owns 75,448 shares of the company’s stock valued at $744,000 after purchasing an additional 10,600 shares during the last quarter. Institutional investors and hedge funds own 70.90% of the company’s stock.

Shares of KINS Technology Group stock traded down $0.01 on Monday, hitting $10.07. The company had a trading volume of 2 shares, compared to its average volume of 44,885. The business has a 50-day simple moving average of $10.04. KINS Technology Group has a 52 week low of $9.78 and a 52 week high of $10.09.

About KINS Technology Group (Get Rating)

KINS Technology Group 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. KINS Technology Group Inc was incorporated in 2020 and is based in Palo Alto, California.

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