Nocturne Acquisition Co. (NASDAQ:MBTC) Sees Significant Growth in Short Interest

Nocturne Acquisition Co. (NASDAQ:MBTC – Get Rating) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 11,300 shares, a growth of 5.6% from the February 13th total of 10,700 shares. Based on an average daily trading volume, of 1,100 shares, the days-to-cover ratio is currently 10.3 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Nocturne Acquisition

A number of institutional investors have recently bought and sold shares of MBTC. Meteora Capital LLC acquired a new position in shares of Nocturne Acquisition in the 4th quarter valued at $121,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in Nocturne Acquisition during the third quarter valued at about $147,000. Gabelli Funds LLC purchased a new stake in Nocturne Acquisition during the third quarter valued at about $163,000. Centiva Capital LP acquired a new stake in Nocturne Acquisition during the second quarter worth about $232,000. Finally, Exos TFP Holdings LLC purchased a new position in shares of Nocturne Acquisition in the 3rd quarter worth about $242,000. 62.99% of the stock is currently owned by hedge funds and other institutional investors.

Nocturne Acquisition Price Performance

NASDAQ MBTC opened at $10.80 on Thursday. Nocturne Acquisition has a 12 month low of $10.02 and a 12 month high of $11.10. The company has a 50-day moving average of $10.74 and a 200-day moving average of $10.56.

About Nocturne Acquisition

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Nocturne Acquisition Corporation does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the disruptive technology market. The company was incorporated in 2020 and is based in Wilmington, Delaware.