Short Interest in Build Acquisition Corp. (NYSE:BGSX) Rises By 714.3%

Build Acquisition Corp. (NYSE:BGSXGet Rating) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 5,700 shares, a growth of 714.3% from the April 30th total of 700 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 27,700 shares, the days-to-cover ratio is currently 0.2 days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Toroso Investments LLC purchased a new position in Build Acquisition during the 3rd quarter valued at $101,000. Cubist Systematic Strategies LLC acquired a new position in Build Acquisition during the 4th quarter valued at about $106,000. Private Capital Management LLC acquired a new position in shares of Build Acquisition in the first quarter valued at about $195,000. Oaktree Capital Management LP acquired a new position in shares of Build Acquisition in the third quarter valued at about $494,000. Finally, Blackstone Inc. acquired a new position in shares of Build Acquisition in the first quarter valued at about $500,000. 63.73% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:BGSX remained flat at $$9.75 during trading hours on Wednesday. Build Acquisition has a 12 month low of $9.60 and a 12 month high of $10.00. The stock has a fifty day moving average of $9.76 and a 200-day moving average of $9.75.

About Build Acquisition (Get Rating)

Build Acquisition Corp. 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 in the software and technology-enabled services with a primary focus on North American markets.

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