Macondray Capital Acquisition Corp. I (NASDAQ:DRAY) Short Interest Down 68.0% in May

Macondray Capital Acquisition Corp. I (NASDAQ:DRAYGet Rating) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 800 shares, a decline of 68.0% from the April 30th total of 2,500 shares. Based on an average daily volume of 33,800 shares, the short-interest ratio is currently 0.0 days.

A number of large investors have recently bought and sold shares of the business. Cohanzick Management LLC bought a new stake in shares of Macondray Capital Acquisition Corp. I in the 3rd quarter valued at $81,000. Blackstone Inc. bought a new position in Macondray Capital Acquisition Corp. I in the 1st quarter valued at about $99,000. Magnetar Financial LLC bought a new position in Macondray Capital Acquisition Corp. I in the 3rd quarter valued at about $101,000. Warberg Asset Management LLC bought a new position in shares of Macondray Capital Acquisition Corp. I during the third quarter worth approximately $148,000. Finally, Seaport Global Asset Management LLC bought a new position in shares of Macondray Capital Acquisition Corp. I during the third quarter worth approximately $186,000. 66.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DRAY opened at $9.89 on Thursday. The stock’s 50-day moving average price is $9.91 and its 200 day moving average price is $9.86. Macondray Capital Acquisition Corp. I has a 12-month low of $9.61 and a 12-month high of $10.18.

About Macondray Capital Acquisition Corp. I (Get Rating)

Macondray Capital Acquisition Corp. I intends to effect a merger or mergers, amalgamation, share exchange, share purchase, asset acquisition, reorganization, or similar business combination with one or more businesses. It intends to focus on companies in the software, data and technology, media, and telecom industries.

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