Aries I Acquisition Co. (NASDAQ:RAM – Get Rating) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 60,500 shares, a growth of 465.4% from the April 30th total of 10,700 shares. Based on an average daily trading volume, of 49,500 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.5% of the company’s stock are sold short.
Several institutional investors have recently bought and sold shares of the company. Glazer Capital LLC boosted its stake in Aries I Acquisition by 32.0% during the first quarter. Glazer Capital LLC now owns 630,556 shares of the company’s stock worth $6,338,000 after acquiring an additional 152,796 shares in the last quarter. Saba Capital Management L.P. raised its stake in Aries I Acquisition by 13.7% during the 1st quarter. Saba Capital Management L.P. now owns 199,601 shares of the company’s stock valued at $2,006,000 after buying an additional 24,126 shares during the last quarter. Penserra Capital Management LLC bought a new stake in shares of Aries I Acquisition during the 1st quarter valued at $156,000. Cohanzick Management LLC bought a new stake in shares of Aries I Acquisition during the 1st quarter valued at $82,000. Finally, Highbridge Capital Management LLC grew its position in shares of Aries I Acquisition by 4.3% during the 1st quarter. Highbridge Capital Management LLC now owns 995,260 shares of the company’s stock valued at $10,022,000 after acquiring an additional 40,645 shares during the period. Institutional investors own 69.68% of the company’s stock.
Shares of RAM opened at $10.10 on Thursday. Aries I Acquisition has a 1 year low of $9.65 and a 1 year high of $10.21. The stock’s fifty day moving average price is $10.07 and its two-hundred day moving average price is $10.02.
Aries I Acquisition Company Profile (Get Rating)
Aries I Acquisition Corporation does not have significant operations. It intends to effect a merger, 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 Grand Cayman, the Cayman Islands.
- Get a free copy of the StockNews.com research report on Aries I Acquisition (RAM)
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