Short Interest in Lionheart III Corp (NASDAQ:LIONU) Drops By 22.2%

Lionheart III Corp (NASDAQ:LIONUGet Rating) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 700 shares, a decline of 22.2% from the April 15th total of 900 shares. Based on an average daily volume of 5,900 shares, the short-interest ratio is currently 0.1 days.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Castle Creek Arbitrage LLC bought a new position in Lionheart III in the fourth quarter worth approximately $4,026,000. LMR Partners LLP bought a new position in Lionheart III in the fourth quarter worth approximately $2,525,000. Yakira Capital Management Inc. bought a new position in Lionheart III in the fourth quarter worth approximately $2,013,000. Millennium Management LLC bought a new position in Lionheart III in the fourth quarter worth approximately $1,358,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Lionheart III in the fourth quarter worth approximately $1,263,000.

Shares of NASDAQ LIONU opened at $9.94 on Monday. The company has a 50 day moving average price of $10.02. Lionheart III has a 52-week low of $9.49 and a 52-week high of $10.54.

Lionheart III Company Profile (Get Rating)

Lionheart III Corp focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Miami, Florida.

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