Short Interest in ABG Acquisition Corp. I (NASDAQ:ABGI) Rises By 44.7%

ABG Acquisition Corp. I (NASDAQ:ABGIGet Rating) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 5,500 shares, an increase of 44.7% from the April 15th total of 3,800 shares. Based on an average daily volume of 57,000 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Shares of NASDAQ:ABGI opened at $9.80 on Friday. The company’s fifty day moving average price is $9.79 and its 200 day moving average price is $9.77. ABG Acquisition Corp. I has a 12 month low of $9.61 and a 12 month high of $9.99.

A number of large investors have recently made changes to their positions in ABGI. Dark Forest Capital Management LP acquired a new position in ABG Acquisition Corp. I in the third quarter valued at $78,000. Levin Capital Strategies L.P. acquired a new position in ABG Acquisition Corp. I in the fourth quarter valued at $146,000. Geode Capital Management LLC acquired a new position in ABG Acquisition Corp. I in the fourth quarter valued at $148,000. UBS Group AG increased its stake in ABG Acquisition Corp. I by 11.5% in the third quarter. UBS Group AG now owns 18,230 shares of the company’s stock valued at $178,000 after purchasing an additional 1,884 shares during the period. Finally, Wolverine Asset Management LLC increased its stake in ABG Acquisition Corp. I by 40.2% in the third quarter. Wolverine Asset Management LLC now owns 18,844 shares of the company’s stock valued at $183,000 after purchasing an additional 5,401 shares during the period. Hedge funds and other institutional investors own 85.86% of the company’s stock.

About ABG Acquisition Corp. I (Get Rating)

ABG Acquisition Corp. I does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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