Chardan NexTech Acquisition 2 Corp. (NASDAQ:CNTQ – Get Rating) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 6,000 shares, a decrease of 70.6% from the April 30th total of 20,400 shares. Based on an average trading volume of 36,500 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are short sold.
Shares of CNTQ stock opened at $10.11 on Thursday. The stock has a 50-day moving average of $10.07 and a 200-day moving average of $10.02. Chardan NexTech Acquisition 2 has a one year low of $9.78 and a one year high of $10.28.
Several hedge funds have recently made changes to their positions in CNTQ. Magnetar Financial LLC bought a new stake in shares of Chardan NexTech Acquisition 2 in the 3rd quarter valued at about $101,000. Cohanzick Management LLC bought a new stake in Chardan NexTech Acquisition 2 during the 3rd quarter worth approximately $52,000. Wolverine Asset Management LLC bought a new stake in Chardan NexTech Acquisition 2 during the 3rd quarter worth approximately $4,388,000. Weiss Asset Management LP bought a new stake in Chardan NexTech Acquisition 2 during the 3rd quarter worth approximately $8,946,000. Finally, Periscope Capital Inc. bought a new stake in Chardan NexTech Acquisition 2 during the 3rd quarter worth approximately $497,000. 86.98% of the stock is owned by institutional investors.
Chardan NexTech Acquisition 2 Corp. does not have significant operations. It intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses. The company was incorporated in 2020 and is headquartered in New York, New York.
- Get a free copy of the StockNews.com research report on Chardan NexTech Acquisition 2 (CNTQ)
- It’s A Good Time To Own Ralph Lauren (NYSE: RL)
- Block, Inc: Correcting for Negative Earnings
- Dentsply Stock is Repricing Itself
- Is Zoom Video (NASDAQ: ZM) Starting To Bottom Out?
- Short-Covering Begins In Big Lots
Receive News & Ratings for Chardan NexTech Acquisition 2 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chardan NexTech Acquisition 2 and related companies with MarketBeat.com's FREE daily email newsletter.