RedBall Acquisition Corp. (NYSE:RBAC) Sees Significant Growth in Short Interest

RedBall Acquisition Corp. (NYSE:RBACGet Rating) was the recipient of a significant increase in short interest in April. As of April 30th, there was short interest totalling 561,600 shares, an increase of 40.4% from the April 15th total of 399,900 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 177,900 shares, the days-to-cover ratio is presently 3.2 days.

Shares of RBAC stock traded up $0.01 on Friday, reaching $9.96. The company’s stock had a trading volume of 226,338 shares, compared to its average volume of 432,134. The stock’s fifty day simple moving average is $9.93 and its 200-day simple moving average is $9.96. RedBall Acquisition has a 1 year low of $9.69 and a 1 year high of $10.50.

Several hedge funds have recently bought and sold shares of RBAC. Covestor Ltd purchased a new position in shares of RedBall Acquisition in the first quarter valued at $41,000. Gamco Investors INC. ET AL purchased a new position in RedBall Acquisition during the fourth quarter worth $149,000. Clearline Capital LP purchased a new position in RedBall Acquisition during the fourth quarter worth $179,000. Qube Research & Technologies Ltd boosted its stake in RedBall Acquisition by 26.9% during the first quarter. Qube Research & Technologies Ltd now owns 21,301 shares of the company’s stock worth $212,000 after buying an additional 4,514 shares during the period. Finally, Levin Capital Strategies L.P. boosted its stake in RedBall Acquisition by 150.0% during the first quarter. Levin Capital Strategies L.P. now owns 25,000 shares of the company’s stock worth $248,000 after buying an additional 15,000 shares during the period. 67.86% of the stock is owned by hedge funds and other institutional investors.

About RedBall Acquisition (Get Rating)

RedBall Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on sports, media, and data analytics sectors.

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