E.Merge Technology Acquisition Corp. (NASDAQ:ETAC – Get Rating) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 192,200 shares, a growth of 68.2% from the April 15th total of 114,300 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 87,700 shares, the short-interest ratio is presently 2.2 days.
Shares of ETAC opened at $9.92 on Friday. E.Merge Technology Acquisition has a fifty-two week low of $9.69 and a fifty-two week high of $9.95. The firm has a 50-day simple moving average of $9.91 and a 200-day simple moving average of $9.88.
Large investors have recently made changes to their positions in the stock. PenderFund Capital Management Ltd. lifted its position in E.Merge Technology Acquisition by 153.8% in the fourth quarter. PenderFund Capital Management Ltd. now owns 3,300 shares of the company’s stock valued at $41,000 after purchasing an additional 2,000 shares during the period. PEAK6 Investments LLC acquired a new stake in shares of E.Merge Technology Acquisition during the 3rd quarter valued at approximately $122,000. Yakira Capital Management Inc. acquired a new stake in shares of E.Merge Technology Acquisition during the 1st quarter valued at approximately $126,000. Hunting Hill Global Capital LLC acquired a new stake in shares of E.Merge Technology Acquisition during the 3rd quarter valued at approximately $140,000. Finally, Easterly Investment Partners LLC acquired a new stake in shares of E.Merge Technology Acquisition during the 3rd quarter valued at approximately $196,000. Hedge funds and other institutional investors own 91.46% of the company’s stock.
E.Merge Technology Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with other businesses. The company was incorporated in 2020 and is based in Burlingame, California.
- Get a free copy of the StockNews.com research report on E.Merge Technology Acquisition (ETAC)
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