Z-Work Acquisition Corp. (NASDAQ:ZWRK) Sees Significant Growth in Short Interest

Z-Work Acquisition Corp. (NASDAQ:ZWRKGet Rating) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,900 shares, an increase of 35.7% from the March 31st total of 1,400 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 40,000 shares, the short-interest ratio is presently 0.0 days.

Shares of NASDAQ:ZWRK opened at $9.83 on Monday. The firm has a fifty day moving average price of $9.78 and a two-hundred day moving average price of $9.76. Z-Work Acquisition has a one year low of $9.60 and a one year high of $9.85.

A number of large investors have recently made changes to their positions in ZWRK. Robinson Capital Management LLC bought a new position in Z-Work Acquisition in the 3rd quarter valued at $101,000. Magnetar Financial LLC bought a new stake in Z-Work Acquisition during the third quarter worth about $101,000. Bulldog Investors LLP bought a new stake in Z-Work Acquisition during the third quarter worth about $2,147,000. Wolverine Asset Management LLC lifted its stake in Z-Work Acquisition by 144.3% during the third quarter. Wolverine Asset Management LLC now owns 29,668 shares of the company’s stock worth $288,000 after purchasing an additional 17,526 shares during the last quarter. Finally, Sculptor Capital LP lifted its stake in Z-Work Acquisition by 1.2% during the third quarter. Sculptor Capital LP now owns 506,150 shares of the company’s stock worth $4,929,000 after purchasing an additional 6,152 shares during the last quarter. 51.19% of the stock is owned by hedge funds and other institutional investors.

Z-Work Acquisition Company Profile (Get Rating)

Z-Work Acquisition Corp. does not have significant operations. It focuses on effecting 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 New York, New York.

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