Independence Holdings Corp. (NASDAQ:ACQR) Sees Significant Growth in Short Interest

Independence Holdings Corp. (NASDAQ:ACQRGet Rating) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 52,700 shares, a growth of 34.8% from the May 15th total of 39,100 shares. Based on an average daily trading volume, of 111,400 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

Several institutional investors and hedge funds have recently made changes to their positions in ACQR. Penserra Capital Management LLC acquired a new stake in shares of Independence in the 1st quarter valued at $38,000. Bank of America Corp DE acquired a new stake in shares of Independence in the 1st quarter valued at $47,000. PenderFund Capital Management Ltd. raised its holdings in shares of Independence by 64,960.0% in the 4th quarter. PenderFund Capital Management Ltd. now owns 6,506 shares of the company’s stock valued at $80,000 after purchasing an additional 6,496 shares in the last quarter. Tegean Capital Management LLC acquired a new stake in shares of Independence in the 4th quarter valued at $97,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Independence in the 4th quarter valued at $107,000. Institutional investors and hedge funds own 90.07% of the company’s stock.

Shares of ACQR stock opened at $9.78 on Thursday. Independence has a 52 week low of $9.63 and a 52 week high of $10.82. The firm has a 50 day moving average of $9.80 and a two-hundred day moving average of $9.76.

Independence Company Profile (Get Rating)

Independence Holdings 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. The company was incorporated in 2020 and is based in New York, New York.

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