Dynamics Special Purpose Corp. (NASDAQ:DYNS – Get Rating) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 53,300 shares, an increase of 25.7% from the April 15th total of 42,400 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 56,600 shares, the days-to-cover ratio is presently 0.9 days.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. TENOR CAPITAL MANAGEMENT Co. L.P. increased its position in shares of Dynamics Special Purpose by 96.0% during the first quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 199,950 shares of the company’s stock valued at $1,974,000 after purchasing an additional 97,950 shares during the period. Hsbc Holdings PLC bought a new stake in Dynamics Special Purpose in the first quarter valued at $436,000. Penserra Capital Management LLC bought a new stake in Dynamics Special Purpose in the first quarter valued at $27,000. OMERS ADMINISTRATION Corp bought a new stake in Dynamics Special Purpose in the first quarter valued at $168,000. Finally, Omni Event Management Ltd grew its position in Dynamics Special Purpose by 7.3% in the first quarter. Omni Event Management Ltd now owns 466,904 shares of the company’s stock valued at $4,608,000 after acquiring an additional 31,726 shares during the period. Institutional investors and hedge funds own 71.79% of the company’s stock.
Shares of DYNS stock traded up $0.02 during trading hours on Tuesday, reaching $9.92. 388 shares of the company’s stock were exchanged, compared to its average volume of 39,558. Dynamics Special Purpose has a fifty-two week low of $9.58 and a fifty-two week high of $10.54. The business has a fifty day moving average price of $9.90 and a 200-day moving average price of $9.91.
Dynamics Special Purpose Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was incorporated in 2021 and is based in Redwood City, California.
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