Edoc Acquisition Corp. (NASDAQ:ADOC – Get Rating) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 8,800 shares, a decline of 9.3% from the February 13th total of 9,700 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 10,300 shares, the short-interest ratio is currently 0.9 days.
Edoc Acquisition Price Performance
NASDAQ:ADOC opened at $10.72 on Wednesday. Edoc Acquisition has a 1 year low of $10.12 and a 1 year high of $10.99. The stock has a 50-day moving average price of $10.66 and a two-hundred day moving average price of $10.46.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in ADOC. Glazer Capital LLC acquired a new position in Edoc Acquisition in the fourth quarter valued at about $1,864,000. Cubist Systematic Strategies LLC acquired a new position in Edoc Acquisition in the third quarter valued at about $977,000. Logan Stone Capital LLC acquired a new position in Edoc Acquisition in the third quarter valued at about $737,000. Sea Otter Advisors LLC acquired a new position in Edoc Acquisition in the fourth quarter valued at about $364,000. Finally, Clear Street LLC grew its stake in Edoc Acquisition by 2,598.4% in the fourth quarter. Clear Street LLC now owns 27,632 shares of the company’s stock valued at $290,000 after acquiring an additional 26,608 shares during the period. 35.14% of the stock is owned by institutional investors and hedge funds.
About Edoc Acquisition
Edoc Acquisition Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses primarily in the health care and health care provider space in North America and the Asia-Pacific.
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