Moringa Acquisition Corp (NASDAQ:MACA) Short Interest Update

Moringa Acquisition Corp (NASDAQ:MACAGet 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 Company Profile (Get Rating)

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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