Lazard Growth Acquisition Corp. I (NASDAQ:LGAC) Short Interest Update

Lazard Growth Acquisition Corp. I (NASDAQ:LGACGet Rating) saw a large drop in short interest in April. As of April 30th, there was short interest totalling 9,800 shares, a drop of 79.8% from the April 15th total of 48,500 shares. Based on an average trading volume of 139,400 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Shares of LGAC traded up $0.01 during mid-day trading on Wednesday, hitting $9.81. The stock had a trading volume of 668 shares, compared to its average volume of 140,542. The company’s fifty day simple moving average is $9.80 and its two-hundred day simple moving average is $9.77. Lazard Growth Acquisition Corp. I has a fifty-two week low of $9.63 and a fifty-two week high of $9.90.

Large investors have recently added to or reduced their stakes in the stock. PenderFund Capital Management Ltd. raised its stake in Lazard Growth Acquisition Corp. I by 400.0% during the 4th quarter. PenderFund Capital Management Ltd. now owns 6,500 shares of the company’s stock valued at $80,000 after acquiring an additional 5,200 shares in the last quarter. Penserra Capital Management LLC bought a new stake in shares of Lazard Growth Acquisition Corp. I in the 3rd quarter worth $92,000. Magnetar Financial LLC bought a new stake in shares of Lazard Growth Acquisition Corp. I in the 3rd quarter worth $101,000. Brown Advisory Inc. bought a new stake in shares of Lazard Growth Acquisition Corp. I in the 4th quarter worth $117,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Lazard Growth Acquisition Corp. I in the 3rd quarter worth $133,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

About Lazard Growth Acquisition Corp. I (Get Rating)

Lazard Growth Acquisition Corp. I does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York.

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