TradeUP Acquisition Corp. (NASDAQ:UPTD) Short Interest Down 90.2% in April

TradeUP Acquisition Corp. (NASDAQ:UPTDGet Rating) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 1,600 shares, a decline of 90.2% from the April 15th total of 16,300 shares. Based on an average daily trading volume, of 4,700 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Shares of UPTD stock remained flat at $$10.01 on Wednesday. The stock had a trading volume of 128,876 shares, compared to its average volume of 11,009. TradeUP Acquisition has a fifty-two week low of $9.72 and a fifty-two week high of $10.15. The business’s fifty day moving average price is $10.00.

Several institutional investors have recently made changes to their positions in UPTD. Weiss Asset Management LP purchased a new position in shares of TradeUP Acquisition in the 3rd quarter valued at about $99,000. Millennium Management LLC purchased a new position in shares of TradeUP Acquisition in the 4th quarter valued at about $99,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of TradeUP Acquisition in the 3rd quarter valued at about $198,000. Landscape Capital Management L.L.C. increased its stake in shares of TradeUP Acquisition by 107.3% in the 4th quarter. Landscape Capital Management L.L.C. now owns 20,730 shares of the company’s stock valued at $205,000 after purchasing an additional 10,730 shares in the last quarter. Finally, Hunting Hill Global Capital LLC purchased a new stake in TradeUP Acquisition during the 3rd quarter worth approximately $260,000. Hedge funds and other institutional investors own 53.41% of the company’s stock.

TradeUP Acquisition Company Profile (Get Rating)

TradeUP Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.

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