Equity Distribution Acquisition Corp. (NYSE:EQD) Short Interest Down 22.8% in May

Equity Distribution Acquisition Corp. (NYSE:EQDGet Rating) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 11,200 shares, a drop of 22.8% from the April 30th total of 14,500 shares. Based on an average trading volume of 96,100 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Equity Distribution Acquisition stock opened at $9.91 on Monday. Equity Distribution Acquisition has a 12-month low of $9.72 and a 12-month high of $9.94. The firm’s fifty day moving average price is $9.89 and its 200 day moving average price is $9.86.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EQD. Bank of America Corp DE boosted its holdings in shares of Equity Distribution Acquisition by 1,671.5% in the 4th quarter. Bank of America Corp DE now owns 885,757 shares of the company’s stock valued at $8,698,000 after buying an additional 835,757 shares during the period. Sculptor Capital LP boosted its stake in Equity Distribution Acquisition by 208.3% during the 1st quarter. Sculptor Capital LP now owns 923,058 shares of the company’s stock valued at $9,128,000 after purchasing an additional 623,672 shares during the period. Weiss Asset Management LP boosted its stake in Equity Distribution Acquisition by 77.7% during the 3rd quarter. Weiss Asset Management LP now owns 1,080,512 shares of the company’s stock valued at $10,611,000 after purchasing an additional 472,550 shares during the period. Kohlberg Kravis Roberts & Co. L.P. boosted its stake in Equity Distribution Acquisition by 354.2% during the 4th quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 571,137 shares of the company’s stock valued at $5,609,000 after purchasing an additional 445,383 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in Equity Distribution Acquisition during the 3rd quarter valued at about $3,949,000. 75.93% of the stock is owned by institutional investors.

About Equity Distribution Acquisition (Get Rating)

Equity Distribution Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses or entities. Equity Distribution Acquisition Corp. was incorporated in 2020 and is based in Chicago, Illinois.

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