Supernova Partners Acquisition Company III, Ltd. (NYSE:STRE) Short Interest Up 193.3% in May

Supernova Partners Acquisition Company III, Ltd. (NYSE:STRE – Get Rating) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 4,400 shares, a growth of 193.3% from the April 30th total of 1,500 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 43,800 shares, the days-to-cover ratio is currently 0.1 days.

NYSE:STRE opened at $9.75 on Friday. Supernova Partners Acquisition Company III has a 1-year low of $9.58 and a 1-year high of $9.89. The firm has a fifty day simple moving average of $9.79 and a 200 day simple moving average of $9.76.

Hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. lifted its holdings in shares of Supernova Partners Acquisition Company III by 20.0% during the third quarter. Macquarie Group Ltd. now owns 1,200,000 shares of the company’s stock worth $11,724,000 after buying an additional 200,000 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Supernova Partners Acquisition Company III during the third quarter worth $2,443,000. Athanor Capital LP lifted its holdings in shares of Supernova Partners Acquisition Company III by 115.6% during the third quarter. Athanor Capital LP now owns 43,111 shares of the company’s stock worth $421,000 after buying an additional 23,111 shares in the last quarter. RPO LLC acquired a new stake in shares of Supernova Partners Acquisition Company III during the fourth quarter worth $389,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Supernova Partners Acquisition Company III by 23.6% during the first quarter. Goldman Sachs Group Inc. now owns 48,777 shares of the company’s stock worth $477,000 after buying an additional 9,317 shares in the last quarter. 70.46% of the stock is owned by hedge funds and other institutional investors.

About Supernova Partners Acquisition Company III (Get Rating)

Supernova Partners Acquisition Company III, Ltd. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to identify a business combination target within the technology sector focused on internet, consumer, media, and similar businesses.

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