Adit EdTech Acquisition Corp. (NYSE:ADEX) Sees Significant Increase in Short Interest

Adit EdTech Acquisition Corp. (NYSE:ADEX – Get Rating) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totalling 10,500 shares, a growth of 87.5% from the April 15th total of 5,600 shares. Based on an average daily volume of 40,700 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are short sold.

Several institutional investors and hedge funds have recently made changes to their positions in ADEX. Penserra Capital Management LLC bought a new stake in shares of Adit EdTech Acquisition during the 4th quarter valued at about $28,000. Toroso Investments LLC bought a new stake in shares of Adit EdTech Acquisition during the 3rd quarter valued at about $101,000. PEAK6 Investments LLC bought a new stake in shares of Adit EdTech Acquisition during the 3rd quarter valued at about $205,000. Cantor Fitzgerald Investment Adviser L.P. bought a new stake in shares of Adit EdTech Acquisition during the 4th quarter valued at about $206,000. Finally, Deltec Asset Management LLC bought a new stake in shares of Adit EdTech Acquisition during the 4th quarter valued at about $247,000. 71.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ADEX opened at $9.88 on Friday. The firm’s 50-day moving average price is $9.88 and its 200-day moving average price is $9.86. Adit EdTech Acquisition has a 1-year low of $9.61 and a 1-year high of $10.24.

Adit EdTech Acquisition Company Profile (Get Rating)

Adit EdTech Acquisition Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York.

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