Short Interest in Revelstone Capital Acquisition Corp. (NASDAQ:RCAC) Expands By 9,200.0%

Revelstone Capital Acquisition Corp. (NASDAQ:RCACGet Rating) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 9,300 shares, an increase of 9,200.0% from the October 15th total of 100 shares. Based on an average daily trading volume, of 7,400 shares, the days-to-cover ratio is currently 1.3 days.

Revelstone Capital Acquisition Price Performance

Shares of NASDAQ:RCAC opened at $9.95 on Friday. Revelstone Capital Acquisition has a 52-week low of $9.66 and a 52-week high of $10.35. The stock has a 50 day moving average price of $9.89 and a 200-day moving average price of $9.85.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Picton Mahoney Asset Management bought a new position in shares of Revelstone Capital Acquisition in the 3rd quarter worth approximately $495,000. Robinson Capital Management LLC raised its position in shares of Revelstone Capital Acquisition by 41.3% in the 3rd quarter. Robinson Capital Management LLC now owns 37,658 shares of the company’s stock worth $373,000 after acquiring an additional 11,000 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Revelstone Capital Acquisition by 2.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 515,198 shares of the company’s stock valued at $5,044,000 after buying an additional 10,854 shares in the last quarter. Millennium Management LLC bought a new position in Revelstone Capital Acquisition during the 2nd quarter valued at approximately $5,938,000. Finally, Sculptor Capital LP increased its position in Revelstone Capital Acquisition by 100.0% during the 2nd quarter. Sculptor Capital LP now owns 1,349,999 shares of the company’s stock valued at $13,217,000 after buying an additional 674,998 shares in the last quarter.

Revelstone Capital Acquisition Company Profile

(Get Rating)

Revelstone Capital Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the consumer, media, and/or technology markets. The company was incorporated in 2021 and is based in Irvine, California.

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