SportsTek Acquisition Corp. (NASDAQ:SPTK) Short Interest Down 80.8% in May

SportsTek Acquisition Corp. (NASDAQ:SPTKGet Rating) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totalling 500 shares, a drop of 80.8% from the April 30th total of 2,600 shares. Based on an average trading volume of 37,000 shares, the days-to-cover ratio is presently 0.0 days.

NASDAQ:SPTK remained flat at $$9.81 during mid-day trading on Wednesday. 67 shares of the company traded hands, compared to its average volume of 43,911. The firm’s fifty day simple moving average is $9.79 and its 200-day simple moving average is $9.75. SportsTek Acquisition has a 52-week low of $9.60 and a 52-week high of $10.09.

A number of hedge funds have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of SportsTek Acquisition in the 3rd quarter valued at $100,000. Weiss Asset Management LP grew its position in SportsTek Acquisition by 114.3% in the 3rd quarter. Weiss Asset Management LP now owns 348,980 shares of the company’s stock valued at $3,403,000 after buying an additional 186,125 shares during the last quarter. Rivernorth Capital Management LLC purchased a new position in SportsTek Acquisition in the 3rd quarter valued at $731,000. Gabelli Funds LLC purchased a new position in SportsTek Acquisition in the 3rd quarter valued at $478,000. Finally, Berkley W R Corp grew its position in SportsTek Acquisition by 100.7% in the 3rd quarter. Berkley W R Corp now owns 49,289 shares of the company’s stock valued at $481,000 after buying an additional 24,727 shares during the last quarter. 56.33% of the stock is currently owned by institutional investors.

About SportsTek Acquisition (Get Rating)

SportsTek Acquisition Corp. does not have significant operations. It 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 2020 and is based in Tulsa, Oklahoma.

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