Moringa Acquisition Corp (NASDAQ:MACAW) Sees Significant Increase in Short Interest

Moringa Acquisition Corp (NASDAQ:MACAW – Get Rating) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 14,900 shares, a growth of 6.4% from the April 15th total of 14,000 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is currently 7.5 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Moringa Acquisition stock. Periscope Capital Inc. raised its holdings in Moringa Acquisition Corp (NASDAQ:MACAW – Get Rating) by 84.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 350,004 shares of the company’s stock after buying an additional 160,204 shares during the quarter. Periscope Capital Inc.’s holdings in Moringa Acquisition were worth $26,000 as of its most recent SEC filing.

Moringa Acquisition Price Performance

MACAW opened at $0.10 on Tuesday. The stock’s 50 day moving average price is $0.11 and its two-hundred day moving average price is $0.10. Moringa Acquisition has a 12-month low of $0.02 and a 12-month high of $0.20.