Chardan NexTech Acquisition 2 Corp. (NASDAQ:CNTQ) Short Interest Down 70.6% in May

Chardan NexTech Acquisition 2 Corp. (NASDAQ:CNTQGet 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.

About Chardan NexTech Acquisition 2 (Get Rating)

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.

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