Short Interest in Minority Equality Opportunities Acquisition Inc. (NASDAQ:MEOA) Rises By 19.2%

Minority Equality Opportunities Acquisition Inc. (NASDAQ:MEOAGet Rating) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 3,100 shares, a growth of 19.2% from the March 31st total of 2,600 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 28,800 shares, the days-to-cover ratio is currently 0.1 days.

Shares of MEOA opened at $10.08 on Wednesday. Minority Equality Opportunities Acquisition has a 12-month low of $9.91 and a 12-month high of $10.60. The firm has a 50-day moving average price of $10.04.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Lane Capital LP purchased a new stake in shares of Minority Equality Opportunities Acquisition in the fourth quarter valued at about $499,000. Walleye Trading LLC acquired a new position in Minority Equality Opportunities Acquisition in the fourth quarter valued at about $521,000. Cruiser Capital Advisors LLC acquired a new position in Minority Equality Opportunities Acquisition in the fourth quarter valued at about $648,000. Walleye Capital LLC acquired a new position in Minority Equality Opportunities Acquisition in the fourth quarter valued at about $727,000. Finally, Millennium Management LLC acquired a new position in Minority Equality Opportunities Acquisition in the fourth quarter valued at about $1,098,000. 70.97% of the stock is owned by hedge funds and other institutional investors.

Minority Equality Opportunities Acquisition Company Profile (Get Rating)

Minority Equality Opportunities Acquisition Inc 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 2021 and is based in Waxahachie, Texas.

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