Worldwide Webb Acquisition Corp. (NASDAQ:WWAC – Get Rating) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 5,800 shares, a growth of 31.8% from the August 15th total of 4,400 shares. Based on an average daily trading volume, of 11,500 shares, the short-interest ratio is presently 0.5 days.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Radcliffe Capital Management L.P. acquired a new position in shares of Worldwide Webb Acquisition during the fourth quarter worth $14,720,000. Aristeia Capital LLC bought a new stake in Worldwide Webb Acquisition during the first quarter valued at $14,775,000. TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in Worldwide Webb Acquisition during the fourth quarter valued at $14,610,000. Millennium Management LLC boosted its position in Worldwide Webb Acquisition by 1.7% during the second quarter. Millennium Management LLC now owns 1,035,521 shares of the company’s stock valued at $10,190,000 after acquiring an additional 17,634 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Worldwide Webb Acquisition during the fourth quarter valued at $9,271,000. 66.26% of the stock is currently owned by institutional investors and hedge funds.
Worldwide Webb Acquisition Trading Up 0.1 %
Shares of NASDAQ:WWAC opened at $9.98 on Friday. The company has a fifty day moving average of $9.92 and a 200-day moving average of $9.87. Worldwide Webb Acquisition has a 52-week low of $9.70 and a 52-week high of $10.00.
About Worldwide Webb Acquisition
Worldwide Webb Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of direct-to-consumer brands, amazon-centric, online marketplace, food tech, new media, digital health, software-as-a-service, fintech, and others.
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