Short Interest in Edify Acquisition Corp. (NASDAQ:EAC) Drops By 71.0%

Edify Acquisition Corp. (NASDAQ:EACGet Rating) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totalling 4,000 shares, a drop of 71.0% from the April 30th total of 13,800 shares. Based on an average daily volume of 36,800 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Several institutional investors have recently made changes to their positions in the company. Equitec Proprietary Markets LLC purchased a new stake in shares of Edify Acquisition in the 1st quarter worth about $95,000. Magnetar Financial LLC acquired a new stake in Edify Acquisition during the 3rd quarter worth approximately $100,000. CI Investments Inc. acquired a new stake in Edify Acquisition in the third quarter valued at approximately $104,000. Clear Street LLC acquired a new stake in Edify Acquisition in the fourth quarter valued at approximately $112,000. Finally, Timelo Investment Management Inc. purchased a new position in shares of Edify Acquisition during the 4th quarter valued at approximately $293,000. 85.51% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ EAC traded down $0.01 during midday trading on Thursday, hitting $9.78. The company’s stock had a trading volume of 102 shares, compared to its average volume of 52,144. Edify Acquisition has a 1 year low of $9.60 and a 1 year high of $9.95. The business’s fifty day simple moving average is $9.81 and its two-hundred day simple moving average is $9.77.

Edify Acquisition Company Profile (Get Rating)

Edify Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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