Tastemaker Acquisition Corp. (NASDAQ:TMKR) Sees Significant Drop in Short Interest

Tastemaker Acquisition Corp. (NASDAQ:TMKR – Get Rating) was the recipient of a significant decline in short interest during the month of December. As of December 30th, there was short interest totalling 10,300 shares, a decline of 16.3% from the December 15th total of 12,300 shares. Based on an average daily trading volume, of 140,400 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Tastemaker Acquisition

Institutional investors have recently made changes to their positions in the stock. UBS Group AG grew its holdings in shares of Tastemaker Acquisition by 318.4% during the third quarter. UBS Group AG now owns 2,498 shares of the company’s stock valued at $25,000 after purchasing an additional 1,901 shares during the last quarter. Caas Capital Management LP bought a new position in shares of Tastemaker Acquisition during the third quarter valued at approximately $101,000. First Trust Capital Management L.P. bought a new position in shares of Tastemaker Acquisition during the third quarter valued at approximately $135,000. Flow Traders U.S. LLC bought a new position in shares of Tastemaker Acquisition during the third quarter valued at approximately $136,000. Finally, RPO LLC bought a new position in shares of Tastemaker Acquisition during the third quarter valued at approximately $179,000. 69.66% of the stock is owned by institutional investors.

Tastemaker Acquisition Price Performance

Shares of Tastemaker Acquisition stock opened at $10.24 on Friday. Tastemaker Acquisition has a fifty-two week low of $9.80 and a fifty-two week high of $10.30. The business has a 50-day moving average price of $10.15 and a 200 day moving average price of $10.04.

Tastemaker Acquisition Company Profile

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Tastemaker Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or business combination with one or more businesses. It intends to focus on companies in the restaurant, hospitality, and related technology and services sectors.