LDH Growth Corp I (NASDAQ:LDHA) Short Interest Up 33.9% in May

LDH Growth Corp I (NASDAQ:LDHAGet Rating) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 16,600 shares, an increase of 33.9% from the May 15th total of 12,400 shares. Based on an average daily volume of 43,600 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

NASDAQ:LDHA opened at $9.79 on Thursday. The business’s 50-day simple moving average is $9.79 and its two-hundred day simple moving average is $9.77. LDH Growth Corp I has a 52 week low of $9.62 and a 52 week high of $9.90.

Large investors have recently bought and sold shares of the business. DAVENPORT & Co LLC bought a new stake in LDH Growth Corp I during the first quarter valued at about $117,000. Context Capital Management LLC bought a new stake in LDH Growth Corp I during the first quarter valued at about $230,000. Evolution Capital Management LLC bought a new stake in LDH Growth Corp I during the fourth quarter valued at about $255,000. Schonfeld Strategic Advisors LLC raised its holdings in LDH Growth Corp I by 68.5% during the third quarter. Schonfeld Strategic Advisors LLC now owns 36,826 shares of the company’s stock valued at $358,000 after acquiring an additional 14,970 shares during the period. Finally, Apollo Management Holdings L.P. bought a new stake in LDH Growth Corp I during the fourth quarter valued at about $490,000. 72.69% of the stock is currently owned by institutional investors and hedge funds.

About LDH Growth Corp I (Get Rating)

LDH Growth 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 in a technology-enabled sector. The company was incorporated in 2020 and is based in Miami, Florida.

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