Short Interest in TCW Special Purpose Acquisition Corp. (NYSE:TSPQ) Grows By 36.0%

TCW Special Purpose Acquisition Corp. (NYSE:TSPQGet Rating) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 13,600 shares, an increase of 36.0% from the April 30th total of 10,000 shares. Based on an average trading volume of 37,300 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSPQ. Penserra Capital Management LLC acquired a new position in shares of TCW Special Purpose Acquisition during the 4th quarter worth about $41,000. PenderFund Capital Management Ltd. grew its stake in TCW Special Purpose Acquisition by 400.0% during the 4th quarter. PenderFund Capital Management Ltd. now owns 6,500 shares of the company’s stock valued at $80,000 after acquiring an additional 5,200 shares in the last quarter. Cohanzick Management LLC grew its stake in TCW Special Purpose Acquisition by 1,095.3% during the 1st quarter. Cohanzick Management LLC now owns 25,700 shares of the company’s stock valued at $251,000 after acquiring an additional 23,550 shares in the last quarter. GAM Holding AG purchased a new stake in TCW Special Purpose Acquisition during the 4th quarter valued at about $330,000. Finally, Kawa Capital Management Inc purchased a new stake in TCW Special Purpose Acquisition during the 4th quarter valued at about $545,000. Hedge funds and other institutional investors own 61.54% of the company’s stock.

Shares of TSPQ traded down $0.03 during mid-day trading on Monday, hitting $9.73. 615,000 shares of the company were exchanged, compared to its average volume of 63,187. TCW Special Purpose Acquisition has a 1-year low of $9.50 and a 1-year high of $9.92. The company has a 50 day moving average of $9.76 and a 200-day moving average of $9.74.

TCW Special Purpose Acquisition Company Profile (Get Rating)

TCW Special Purpose Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It focuses on pursuing opportunities in the technology, healthcare, and consumer products sectors.

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