TZP Strategies Acquisition Corp. (NASDAQ:TZPS – Get Rating) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 76,200 shares, an increase of 796.5% from the April 30th total of 8,500 shares. Based on an average trading volume of 52,800 shares, the short-interest ratio is currently 1.4 days. Approximately 0.3% of the shares of the stock are sold short.
A number of institutional investors have recently bought and sold shares of the business. Spartan Fund Management Inc. bought a new position in TZP Strategies Acquisition during the 1st quarter worth $3,066,000. Sculptor Capital LP boosted its holdings in shares of TZP Strategies Acquisition by 31.9% in the 1st quarter. Sculptor Capital LP now owns 626,264 shares of the company’s stock valued at $6,137,000 after purchasing an additional 151,463 shares in the last quarter. Nomura Holdings Inc. boosted its holdings in shares of TZP Strategies Acquisition by 10.5% in the 1st quarter. Nomura Holdings Inc. now owns 718,439 shares of the company’s stock valued at $7,040,000 after purchasing an additional 68,439 shares in the last quarter. Radcliffe Capital Management L.P. boosted its holdings in shares of TZP Strategies Acquisition by 8.8% in the 1st quarter. Radcliffe Capital Management L.P. now owns 543,762 shares of the company’s stock valued at $5,329,000 after purchasing an additional 43,762 shares in the last quarter. Finally, Saba Capital Management L.P. boosted its holdings in shares of TZP Strategies Acquisition by 9.5% in the 1st quarter. Saba Capital Management L.P. now owns 897,377 shares of the company’s stock valued at $8,794,000 after purchasing an additional 77,681 shares in the last quarter. Hedge funds and other institutional investors own 64.92% of the company’s stock.
TZP Strategies Acquisition stock traded up $0.01 during mid-day trading on Wednesday, reaching $9.80. 30 shares of the company were exchanged, compared to its average volume of 61,290. The company has a fifty day simple moving average of $9.82 and a 200-day simple moving average of $9.78. TZP Strategies Acquisition has a 12 month low of $9.61 and a 12 month high of $9.90.
TZP Strategies Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was founded in 2020 and is based in New York, New York.
- Get a free copy of the StockNews.com research report on TZP Strategies Acquisition (TZPS)
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