TradeUP Acquisition Corp. (NASDAQ:UPTD – Get Rating) was the recipient of a large drop in short interest during the month of December. As of December 30th, there was short interest totalling 5,000 shares, a drop of 18.0% from the December 15th total of 6,100 shares. Based on an average daily trading volume, of 7,700 shares, the short-interest ratio is presently 0.6 days. Currently, 0.1% of the company’s shares are sold short.
TradeUP Acquisition Stock Performance
Shares of UPTD opened at $10.40 on Friday. TradeUP Acquisition has a 52 week low of $9.91 and a 52 week high of $10.65. The business’s fifty day moving average price is $10.26 and its two-hundred day moving average price is $10.13.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Landscape Capital Management L.L.C. boosted its position in shares of TradeUP Acquisition by 9.7% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 22,741 shares of the company’s stock worth $229,000 after purchasing an additional 2,011 shares during the last quarter. OTA Financial Group L.P. boosted its position in shares of TradeUP Acquisition by 12.6% in the 2nd quarter. OTA Financial Group L.P. now owns 50,374 shares of the company’s stock worth $503,000 after purchasing an additional 5,639 shares during the last quarter. Citigroup Inc. bought a new position in shares of TradeUP Acquisition in the 1st quarter worth $620,000. Cubist Systematic Strategies LLC bought a new position in shares of TradeUP Acquisition in the 2nd quarter worth $2,169,000. Finally, Karpus Management Inc. lifted its holdings in TradeUP Acquisition by 2.6% during the third quarter. Karpus Management Inc. now owns 885,151 shares of the company’s stock worth $8,905,000 after acquiring an additional 22,500 shares in the last quarter. 64.46% of the stock is currently owned by institutional investors.
About TradeUP Acquisition
TradeUP Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. It intends to focus its search on companies in the technology industry.
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