EJF Acquisition Corp. (NASDAQ:EJFA – Get Rating) was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totalling 334,300 shares, a drop of 74.1% from the April 30th total of 1,290,000 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily volume of 135,400 shares, the short-interest ratio is currently 2.5 days.
EJFA stock traded up $0.01 during midday trading on Thursday, hitting $9.94. 116,800 shares of the company’s stock were exchanged, compared to its average volume of 159,941. The stock’s fifty day moving average price is $9.88 and its 200-day moving average price is $9.91. EJF Acquisition has a one year low of $9.60 and a one year high of $10.24.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC bought a new position in shares of EJF Acquisition during the 4th quarter worth about $28,000. Marshall Wace LLP grew its stake in EJF Acquisition by 0.6% in the 3rd quarter. Marshall Wace LLP now owns 719,625 shares of the company’s stock valued at $7,096,000 after buying an additional 4,296 shares in the last quarter. Integrity Capital Management HK Ltd bought a new stake in shares of EJF Acquisition during the 1st quarter worth $49,000. Picton Mahoney Asset Management increased its position in shares of EJF Acquisition by 1.4% during the fourth quarter. Picton Mahoney Asset Management now owns 558,117 shares of the company’s stock valued at $5,543,000 after buying an additional 7,734 shares during the period. Finally, Morgan Stanley bought a new position in shares of EJF Acquisition in the third quarter worth approximately $90,000. Hedge funds and other institutional investors own 70.82% of the company’s stock.
EJF Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search on the financial services sector. The company was incorporated in 2020 and is based in Arlington, Virginia.
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