Short Interest in Tristar Acquisition I Corp. (NYSE:TRIS) Grows By 81.1%

Tristar Acquisition I Corp. (NYSE:TRIS – Get Rating) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 6,700 shares, a growth of 81.1% from the April 15th total of 3,700 shares. Based on an average trading volume of 73,400 shares, the short-interest ratio is presently 0.1 days.

An institutional investor recently bought a new position in Tristar Acquisition I stock. Granby Capital Management LLC bought a new stake in shares of Tristar Acquisition I Corp. (NYSE:TRIS – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 25,000 shares of the company’s stock, valued at approximately $247,000. Granby Capital Management LLC owned 0.09% of Tristar Acquisition I as of its most recent SEC filing. Institutional investors own 46.54% of the company’s stock.

Tristar Acquisition I stock opened at $9.85 on Friday. Tristar Acquisition I has a 12-month low of $9.69 and a 12-month high of $9.89. The company’s fifty day moving average is $9.84.

About Tristar Acquisition I (Get Rating)

Tristar Acquisition I Corp. does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It focuses on targeting a telecommunications and technology oriented company.

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