Moringa Acquisition Corp (NASDAQ:MACA – Get Rating) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 3,900 shares, a decline of 50.0% from the April 15th total of 7,800 shares. Based on an average daily volume of 22,800 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.
Shares of MACA stock remained flat at $$9.83 during trading hours on Friday. The stock has a 50-day moving average price of $9.80 and a two-hundred day moving average price of $9.74. Moringa Acquisition has a fifty-two week low of $9.60 and a fifty-two week high of $9.99.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Saba Capital Management L.P. boosted its holdings in Moringa Acquisition by 21.9% during the fourth quarter. Saba Capital Management L.P. now owns 1,110,554 shares of the company’s stock worth $10,750,000 after buying an additional 199,300 shares in the last quarter. Periscope Capital Inc. raised its position in Moringa Acquisition by 379.4% during the third quarter. Periscope Capital Inc. now owns 479,400 shares of the company’s stock worth $4,650,000 after acquiring an additional 379,400 shares during the period. Kepos Capital LP acquired a new position in Moringa Acquisition during the fourth quarter worth $4,598,000. D. E. Shaw & Co. Inc. raised its position in Moringa Acquisition by 69.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 467,617 shares of the company’s stock worth $4,536,000 after acquiring an additional 191,542 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Moringa Acquisition by 36.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 269,294 shares of the company’s stock worth $2,607,000 after acquiring an additional 72,044 shares during the period. 75.32% of the stock is currently owned by hedge funds and other institutional investors.
Moringa Acquisition Corp does not have significant operations. The company intends to acquire assets and businesses through a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It focuses on pursuing opportunities in technology-based businesses or industries in Israel.
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