Forum Merger IV Co. (NASDAQ:FMIV) Short Interest Up 116.2% in May

Forum Merger IV Co. (NASDAQ:FMIVGet Rating) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 8,000 shares, an increase of 116.2% from the April 30th total of 3,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 98,800 shares, the short-interest ratio is currently 0.1 days.

Shares of FMIV remained flat at $$9.74 during mid-day trading on Friday. Forum Merger IV has a 12 month low of $9.63 and a 12 month high of $9.92. The stock has a 50-day simple moving average of $9.77 and a 200 day simple moving average of $9.75.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Spartan Fund Management Inc. acquired a new stake in shares of Forum Merger IV in the 1st quarter valued at about $2,442,000. Sculptor Capital LP grew its holdings in Forum Merger IV by 10.0% during the first quarter. Sculptor Capital LP now owns 824,892 shares of the company’s stock worth $8,059,000 after purchasing an additional 74,892 shares during the period. Radcliffe Capital Management L.P. boosted its holdings in shares of Forum Merger IV by 90.6% during the first quarter. Radcliffe Capital Management L.P. now owns 381,286 shares of the company’s stock worth $3,725,000 after acquiring an additional 181,286 shares during the period. Saba Capital Management L.P. boosted its holdings in shares of Forum Merger IV by 24.9% during the first quarter. Saba Capital Management L.P. now owns 1,668,417 shares of the company’s stock worth $16,300,000 after acquiring an additional 333,000 shares during the period. Finally, Aristeia Capital LLC bought a new stake in shares of Forum Merger IV during the first quarter worth approximately $1,943,000. Hedge funds and other institutional investors own 67.56% of the company’s stock.

Forum Merger IV Company Profile (Get Rating)

Forum Merger IV Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Delray Beach, Florida.

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