SOAR Technology Acquisition Corp. (NYSE:FLYA – Get Rating) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 1,300 shares, a decrease of 48.0% from the April 30th total of 2,500 shares. Based on an average daily volume of 41,100 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in shares of SOAR Technology Acquisition during the 1st quarter worth about $158,000. Radcliffe Capital Management L.P. acquired a new stake in SOAR Technology Acquisition in the 1st quarter valued at about $105,000. Beryl Capital Management LLC acquired a new stake in SOAR Technology Acquisition in the 4th quarter valued at about $1,638,000. Bank of Montreal Can acquired a new stake in SOAR Technology Acquisition in the 4th quarter valued at about $2,489,000. Finally, Toronto Dominion Bank raised its holdings in SOAR Technology Acquisition by 3.3% in the 4th quarter. Toronto Dominion Bank now owns 310,000 shares of the company’s stock valued at $3,134,000 after acquiring an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 52.78% of the company’s stock.
Shares of FLYA traded up $0.01 during mid-day trading on Friday, hitting $10.15. 225,076 shares of the company were exchanged, compared to its average volume of 49,636. SOAR Technology Acquisition has a 1-year low of $9.95 and a 1-year high of $10.31. The firm’s 50 day simple moving average is $10.13.
SOAR Technology Acquisition Corp. does not significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.
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