Short Interest in Forum Merger IV Co. (NASDAQ:FMIV) Declines By 14.0%

Forum Merger IV Co. (NASDAQ:FMIVGet Rating) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 3,700 shares, a decline of 14.0% from the April 15th total of 4,300 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 100,000 shares, the days-to-cover ratio is currently 0.0 days.

NASDAQ:FMIV opened at $9.74 on Wednesday. The company’s 50-day moving average is $9.76 and its two-hundred day moving average is $9.75. Forum Merger IV has a 1-year low of $9.63 and a 1-year high of $9.92.

Hedge funds have recently modified their holdings of the company. Susquehanna International Group LLP acquired a new position in shares of Forum Merger IV in the 4th quarter worth approximately $102,000. Bank of America Corp DE purchased a new stake in shares of Forum Merger IV in the 4th quarter valued at approximately $138,000. Flow Traders U.S. LLC purchased a new stake in shares of Forum Merger IV in the 4th quarter valued at approximately $228,000. Walleye Trading LLC purchased a new stake in shares of Forum Merger IV in the 4th quarter valued at approximately $351,000. Finally, Walleye Capital LLC purchased a new stake in shares of Forum Merger IV in the 4th quarter valued at approximately $356,000. Hedge funds and other institutional investors own 67.56% of the company’s stock.

Forum Merger IV Company Profile (Get Rating)

Forum Merger IV Corporation does not have significant operations. It intends to effect 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 Delray Beach, Florida.

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