Logistics Innovation Technologies Corp. (NASDAQ:LITT) Short Interest Down 10.6% in April

Logistics Innovation Technologies Corp. (NASDAQ:LITT – Get Rating) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totalling 4,200 shares, a drop of 10.6% from the April 15th total of 4,700 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 162,300 shares, the short-interest ratio is presently 0.0 days.

Logistics Innovation Technologies Price Performance

Shares of NASDAQ:LITT opened at $10.22 on Tuesday. Logistics Innovation Technologies has a 12-month low of $9.68 and a 12-month high of $10.97. The firm has a fifty day moving average of $10.17 and a two-hundred day moving average of $10.04.

Institutional Investors Weigh In On Logistics Innovation Technologies

Large investors have recently bought and sold shares of the business. UBS Group AG boosted its holdings in Logistics Innovation Technologies by 189.3% during the first quarter. UBS Group AG now owns 2,598 shares of the company’s stock worth $25,000 after purchasing an additional 1,700 shares during the last quarter. Basso Capital Management L.P. acquired a new position in Logistics Innovation Technologies during the 1st quarter worth approximately $63,000. CSS LLC IL acquired a new position in Logistics Innovation Technologies during the 4th quarter worth approximately $111,000. XTX Topco Ltd acquired a new position in Logistics Innovation Technologies during the 1st quarter worth approximately $114,000. Finally, Flow Traders U.S. LLC bought a new stake in Logistics Innovation Technologies during the 1st quarter worth approximately $129,000. 68.66% of the stock is currently owned by institutional investors.

Logistics Innovation Technologies Company Profile

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Logistics Innovation Technologies Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire businesses serving the senior market or capable of being repositioned to do so.