Ahren Acquisition Corp. (NASDAQ:AHRNW – Get Rating) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,300 shares, a drop of 27.8% from the August 15th total of 1,800 shares. Based on an average daily volume of 23,600 shares, the days-to-cover ratio is currently 0.1 days.
Hedge Funds Weigh In On Ahren Acquisition
Institutional investors have recently added to or reduced their stakes in the business. P Schoenfeld Asset Management LP purchased a new position in shares of Ahren Acquisition during the 1st quarter valued at $179,000. Picton Mahoney Asset Management purchased a new stake in Ahren Acquisition in the 1st quarter worth approximately $60,000. Highbridge Capital Management LLC purchased a new position in shares of Ahren Acquisition in the 1st quarter valued at approximately $118,000. Sculptor Capital LP purchased a new position in shares of Ahren Acquisition in the 1st quarter valued at approximately $263,000. Finally, PEAK6 Investments LLC purchased a new position in Ahren Acquisition during the first quarter valued at $261,000.
Ahren Acquisition Stock Performance
Shares of NASDAQ AHRNW opened at $0.17 on Friday. Ahren Acquisition has a 52 week low of $0.09 and a 52 week high of $0.47. The stock has a fifty day moving average of $0.15.
Ahren Acquisition Company Profile
Ahren Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to identify and complete a business combination with a company fueled by deep technology and/or deep science.
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