KKR Acquisition Holdings I Corp. (NYSE:KAHC – Get Rating) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 15,300 shares, a growth of 159.3% from the April 30th total of 5,900 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 232,000 shares, the short-interest ratio is presently 0.1 days.
KKR Acquisition Holdings I stock opened at $9.76 on Friday. KKR Acquisition Holdings I has a 12-month low of $9.65 and a 12-month high of $9.90. The firm’s 50-day moving average is $9.79 and its two-hundred day moving average is $9.77.
Institutional investors have recently added to or reduced their stakes in the business. PenderFund Capital Management Ltd. boosted its position in shares of KKR Acquisition Holdings I by 400.0% in the fourth quarter. PenderFund Capital Management Ltd. now owns 6,500 shares of the company’s stock worth $80,000 after acquiring an additional 5,200 shares during the last quarter. Cohanzick Management LLC acquired a new stake in shares of KKR Acquisition Holdings I in the third quarter worth approximately $76,000. OLD Mission Capital LLC acquired a new stake in shares of KKR Acquisition Holdings I in the fourth quarter worth approximately $99,000. Crestline Management LP acquired a new stake in shares of KKR Acquisition Holdings I in the third quarter worth approximately $100,000. Finally, Walleye Trading LLC acquired a new stake in shares of KKR Acquisition Holdings I in the first quarter worth approximately $354,000. 57.65% of the stock is currently owned by institutional investors.
KKR Acquisition Holdings I Corp. 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 New York, New York.
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