Mercury Ecommerce Acquisition Corp. (NASDAQ:MEAC) Short Interest Down 34.6% in April

Mercury Ecommerce Acquisition Corp. (NASDAQ:MEAC – Get Rating) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 3,400 shares, a decline of 34.6% from the April 15th total of 5,200 shares. Based on an average daily volume of 49,500 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

MEAC opened at $9.90 on Friday. The business has a 50 day moving average price of $9.87 and a 200 day moving average price of $9.84. Mercury Ecommerce Acquisition has a twelve month low of $9.63 and a twelve month high of $10.77.

A number of institutional investors and hedge funds have recently bought and sold shares of MEAC. Ancora Advisors LLC acquired a new stake in Mercury Ecommerce Acquisition in the 3rd quarter worth approximately $155,000. Basso Capital Management L.P. lifted its holdings in Mercury Ecommerce Acquisition by 1,808.4% in the 1st quarter. Basso Capital Management L.P. now owns 25,000 shares of the company’s stock worth $245,000 after purchasing an additional 23,690 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Mercury Ecommerce Acquisition in the 4th quarter worth approximately $340,000. Schonfeld Strategic Advisors LLC acquired a new stake in Mercury Ecommerce Acquisition in the 4th quarter worth approximately $409,000. Finally, Millennium Management LLC bought a new position in Mercury Ecommerce Acquisition in the 4th quarter worth approximately $429,000. Hedge funds and other institutional investors own 65.74% of the company’s stock.

Mercury Ecommerce Acquisition Company Profile (Get Rating)

Mercury Ecommerce Acquisition Corp. does not have significant operations. It intends to effect a merger, share 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 Houston, Texas.

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