Frontier Acquisition Corp. (NASDAQ:FRON) Short Interest Up 517.6% in April

Frontier Acquisition Corp. (NASDAQ:FRONGet Rating) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 42,000 shares, a growth of 517.6% from the April 15th total of 6,800 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 50,500 shares, the short-interest ratio is currently 0.8 days.

Large investors have recently added to or reduced their stakes in the business. Magnetar Financial LLC acquired a new position in Frontier Acquisition during the third quarter worth $100,000. Dark Forest Capital Management LP acquired a new position in Frontier Acquisition during the third quarter worth $125,000. CI Investments Inc. acquired a new position in Frontier Acquisition during the third quarter worth $165,000. Glazer Capital LLC lifted its stake in Frontier Acquisition by 171.0% during the third quarter. Glazer Capital LLC now owns 17,189 shares of the company’s stock worth $167,000 after purchasing an additional 10,847 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC increased its holdings in Frontier Acquisition by 47.1% in the third quarter. Schonfeld Strategic Advisors LLC now owns 22,059 shares of the company’s stock valued at $214,000 after buying an additional 7,059 shares during the last quarter. Institutional investors own 53.69% of the company’s stock.

FRON opened at $9.77 on Thursday. Frontier Acquisition has a one year low of $9.61 and a one year high of $10.78. The business’s 50 day moving average price is $9.78 and its 200 day moving average price is $9.76.

Frontier Acquisition Company Profile (Get Rating)

Frontier Acquisition Corp., is a blank check company, which focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was founded in 2021 and is based in New York, New York.

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