Mount Rainier Acquisition Corp. (NASDAQ:RNER) Short Interest Up 37.9% in February

Mount Rainier Acquisition Corp. (NASDAQ:RNER – Get Rating) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 14,200 shares, an increase of 37.9% from the January 31st total of 10,300 shares. Based on an average trading volume of 56,800 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Mount Rainier Acquisition

A number of institutional investors and hedge funds have recently bought and sold shares of RNER. UBS Group AG bought a new stake in Mount Rainier Acquisition during the first quarter valued at about $32,000. Mint Tower Capital Management B.V. purchased a new position in shares of Mount Rainier Acquisition during the third quarter valued at about $50,000. RPO LLC purchased a new position in shares of Mount Rainier Acquisition during the third quarter valued at about $228,000. Landscape Capital Management L.L.C. purchased a new position in shares of Mount Rainier Acquisition during the third quarter valued at about $531,000. Finally, Bank of America Corp DE purchased a new position in shares of Mount Rainier Acquisition during the first quarter valued at about $998,000. 66.74% of the stock is owned by institutional investors.

Mount Rainier Acquisition Price Performance

NASDAQ:RNER opened at $4.99 on Thursday. The business’s 50-day simple moving average is $9.28 and its two-hundred day simple moving average is $9.83. Mount Rainier Acquisition has a 52 week low of $4.81 and a 52 week high of $16.98.

Mount Rainier Acquisition Company Profile

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Mount Rainier Acquisition Corp. intends to enter into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on technology focused businesses. Mount Rainier Acquisition Corp.