Short Interest in 26 Capital Acquisition Corp. (NASDAQ:ADER) Increases By 9.1%

26 Capital Acquisition Corp. (NASDAQ:ADER) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 6,000 shares, a growth of 9.1% from the July 31st total of 5,500 shares. Based on an average trading volume of 17,800 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

26 Capital Acquisition Price Performance

ADER opened at $11.48 on Wednesday. 26 Capital Acquisition has a 1-year low of $9.85 and a 1-year high of $11.49. The business has a 50 day moving average of $11.07 and a 200-day moving average of $10.71.

Insider Activity

In other news, major shareholder Owl Creek Asset Management, L. sold 152,060 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $11.15, for a total value of $1,695,469.00. Following the completion of the sale, the insider now directly owns 302,300 shares of the company’s stock, valued at $3,370,645. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ADER. EHP Funds Inc. bought a new position in 26 Capital Acquisition in the first quarter worth $2,557,000. Bank of America Corp DE raised its stake in 26 Capital Acquisition by 18.2% during the first quarter. Bank of America Corp DE now owns 820,766 shares of the company’s stock worth $8,110,000 after acquiring an additional 126,400 shares in the last quarter. UBS Group AG raised its stake in 26 Capital Acquisition by 10.3% during the second quarter. UBS Group AG now owns 23,818 shares of the company’s stock worth $234,000 after acquiring an additional 2,216 shares in the last quarter. Jane Street Group LLC raised its stake in 26 Capital Acquisition by 1.9% during the second quarter. Jane Street Group LLC now owns 280,804 shares of the company’s stock worth $2,755,000 after acquiring an additional 5,130 shares in the last quarter. Finally, Prelude Capital Management LLC acquired a new position in 26 Capital Acquisition during the second quarter worth $100,000. 26.90% of the stock is owned by institutional investors.

26 Capital Acquisition Company Profile

26 Capital 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. The company was incorporated in 2020 and is based in Miami, Florida.