Waverley Capital Acquisition Corp. 1 (NYSE:WAVC) Sees Significant Increase in Short Interest

Waverley Capital Acquisition Corp. 1 (NYSE:WAVCGet Rating) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 3,700 shares, a growth of 270.0% from the April 15th total of 1,000 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 30,200 shares, the short-interest ratio is currently 0.1 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Exos Asset Management LLC raised its stake in Waverley Capital Acquisition Corp. 1 by 3.4% during the 1st quarter. Exos Asset Management LLC now owns 51,720 shares of the company’s stock worth $501,000 after acquiring an additional 1,721 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Waverley Capital Acquisition Corp. 1 during the 4th quarter worth approximately $479,000. Citadel Advisors LLC bought a new stake in Waverley Capital Acquisition Corp. 1 during the 4th quarter worth approximately $5,601,000. Finally, Citigroup Inc. bought a new stake in Waverley Capital Acquisition Corp. 1 during the 4th quarter worth approximately $1,868,000. Institutional investors own 45.36% of the company’s stock.

Shares of NYSE:WAVC opened at $9.67 on Thursday. The business has a 50 day simple moving average of $9.68. Waverley Capital Acquisition Corp. 1 has a twelve month low of $9.50 and a twelve month high of $10.00.

Waverley Capital Acquisition Corp. 1 Company Profile (Get Rating)

Waverley Capital Acquisition Corp. 1 focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company was incorporated in 2021 and is based in Palo Alto, California.

Further Reading

Receive News & Ratings for Waverley Capital Acquisition Corp. 1 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Waverley Capital Acquisition Corp. 1 and related companies with MarketBeat.com's FREE daily email newsletter.