Software Acquisition Group Inc. III (NASDAQ:SWAG) Short Interest Up 20.0% in April

Software Acquisition Group Inc. III (NASDAQ:SWAGGet Rating) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 600 shares, a growth of 20.0% from the April 15th total of 500 shares. Based on an average daily volume of 82,200 shares, the days-to-cover ratio is currently 0.0 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Centiva Capital LP purchased a new stake in Software Acquisition Group Inc. III in the 3rd quarter valued at $1,482,000. Balyasny Asset Management LLC bought a new position in Software Acquisition Group Inc. III in the 3rd quarter valued at $2,465,000. Highbridge Capital Management LLC bought a new position in Software Acquisition Group Inc. III in the 3rd quarter valued at $10,082,000. Oaktree Capital Management LP bought a new position in Software Acquisition Group Inc. III in the 3rd quarter valued at $1,972,000. Finally, Weiss Asset Management LP bought a new position in Software Acquisition Group Inc. III in the 3rd quarter valued at $5,423,000. 69.45% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:SWAG remained flat at $$10.00 during trading on Wednesday. The stock had a trading volume of 151,996 shares, compared to its average volume of 121,020. The stock has a fifty day simple moving average of $10.00. Software Acquisition Group Inc. III has a one year low of $9.77 and a one year high of $10.04.

About Software Acquisition Group Inc. III (Get Rating)

Software Acquisition Group Inc III intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on software companies. The company was incorporated in 2021 and is based in Las Vegas, Nevada.

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