KL Acquisition Corp (NASDAQ:KLAQ – Get Rating) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 1,600 shares, a drop of 15.8% from the April 30th total of 1,900 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 61,700 shares, the days-to-cover ratio is currently 0.0 days.
Shares of KLAQ stock opened at $9.83 on Wednesday. KL Acquisition has a 1 year low of $9.56 and a 1 year high of $9.92. The business’s fifty day moving average is $9.81 and its 200-day moving average is $9.79.
Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of KL Acquisition by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 18,259 shares of the company’s stock valued at $178,000 after purchasing an additional 1,172 shares during the period. PEAK6 Investments LLC increased its position in shares of KL Acquisition by 0.8% during the 3rd quarter. PEAK6 Investments LLC now owns 151,262 shares of the company’s stock valued at $1,478,000 after purchasing an additional 1,265 shares during the period. Exos Asset Management LLC increased its position in shares of KL Acquisition by 3.4% during the 1st quarter. Exos Asset Management LLC now owns 38,169 shares of the company’s stock valued at $374,000 after purchasing an additional 1,269 shares during the period. Prelude Capital Management LLC grew its holdings in shares of KL Acquisition by 1.9% in the 1st quarter. Prelude Capital Management LLC now owns 102,308 shares of the company’s stock worth $1,003,000 after acquiring an additional 1,924 shares during the last quarter. Finally, HBK Investments L P grew its holdings in shares of KL Acquisition by 0.6% in the 3rd quarter. HBK Investments L P now owns 683,991 shares of the company’s stock worth $6,683,000 after acquiring an additional 4,000 shares during the last quarter. Institutional investors own 69.97% of the company’s stock.
KL Acquisition Corp is a blank check company. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. It intends to focus investment effort on life sciences, which includes medical devices, diagnostics, and life sciences tools and instrumentation.
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