Lazard Growth Acquisition Corp. I (NASDAQ:LGAC) Short Interest Update

Lazard Growth Acquisition Corp. I (NASDAQ:LGACGet Rating) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 53,300 shares, an increase of 270.1% from the May 15th total of 14,400 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 171,800 shares, the short-interest ratio is currently 0.3 days.

Large investors have recently modified their holdings of the company. Royal Bank of Canada bought a new stake in shares of Lazard Growth Acquisition Corp. I during the first quarter worth approximately $60,000. PenderFund Capital Management Ltd. boosted its holdings in shares of Lazard Growth Acquisition Corp. I by 400.0% during the fourth quarter. PenderFund Capital Management Ltd. now owns 6,500 shares of the company’s stock worth $80,000 after acquiring an additional 5,200 shares during the period. Penserra Capital Management LLC bought a new stake in shares of Lazard Growth Acquisition Corp. I during the third quarter worth approximately $92,000. Brown Advisory Inc. bought a new stake in shares of Lazard Growth Acquisition Corp. I during the fourth quarter worth approximately $117,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Lazard Growth Acquisition Corp. I during the third quarter worth approximately $133,000. Institutional investors own 80.39% of the company’s stock.

Shares of NASDAQ:LGAC opened at $9.81 on Friday. Lazard Growth Acquisition Corp. I has a 12-month low of $9.63 and a 12-month high of $9.90. The business has a 50 day moving average of $9.81 and a 200-day moving average of $9.77.

About Lazard Growth Acquisition Corp. I (Get Rating)

Lazard Growth Acquisition Corp. I does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It seeks opportunities in the subsectors of healthcare, technology, energy transition, and financial and consumer sectors.

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