Waverley Capital Acquisition Corp. 1 (NYSE:WAVC) Short Interest Down 99.1% in May

Waverley Capital Acquisition Corp. 1 (NYSE:WAVCGet Rating) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 100 shares, a decrease of 99.1% from the May 15th total of 10,600 shares. Based on an average trading volume of 26,800 shares, the short-interest ratio is presently 0.0 days.

Shares of NYSE WAVC remained flat at $$9.67 during mid-day trading on Friday. The business has a 50-day moving average of $9.68 and a two-hundred day moving average of $9.68. Waverley Capital Acquisition Corp. 1 has a 52-week low of $9.50 and a 52-week high of $10.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WAVC. Citigroup Inc. bought a new position in shares of Waverley Capital Acquisition Corp. 1 in the fourth quarter worth about $1,868,000. Citadel Advisors LLC bought a new position in shares of Waverley Capital Acquisition Corp. 1 in the fourth quarter worth about $5,601,000. Cubist Systematic Strategies LLC bought a new position in shares of Waverley Capital Acquisition Corp. 1 in the fourth quarter worth about $479,000. Exos Asset Management LLC lifted its position in shares of Waverley Capital Acquisition Corp. 1 by 3.4% in the first quarter. Exos Asset Management LLC now owns 51,720 shares of the company’s stock worth $501,000 after buying an additional 1,721 shares in the last quarter. Finally, Basso Capital Management L.P. purchased a new stake in shares of Waverley Capital Acquisition Corp. 1 in the first quarter worth about $1,570,000. 45.36% of the stock is owned by hedge funds and other institutional investors.

Waverley Capital Acquisition Corp. 1 Company Profile (Get Rating)

Waverley Capital Acquisition Corp. 1 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. The company was incorporated in 2021 and is based in New York, New York.

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