Fat Projects Acquisition (NASDAQ:FATP) Trading Down 0.2%

Fat Projects Acquisition Corp (NASDAQ:FATP) fell 0.2% during trading on Thursday . The company traded as low as $10.92 and last traded at $10.93. 3,049 shares were traded during mid-day trading, a decline of 92% from the average session volume of 39,967 shares. The stock had previously closed at $10.95.

Fat Projects Acquisition Stock Performance

The company’s 50 day simple moving average is $11.09 and its two-hundred day simple moving average is $10.91.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new stake in Fat Projects Acquisition during the first quarter worth approximately $4,853,000. Spring Creek Capital LLC purchased a new position in Fat Projects Acquisition in the 1st quarter valued at $3,462,000. Goldman Sachs Group Inc. purchased a new position in Fat Projects Acquisition in the 1st quarter valued at $553,000. Glazer Capital LLC purchased a new position in Fat Projects Acquisition in the 1st quarter valued at $2,197,000. Finally, Millennium Management LLC grew its position in Fat Projects Acquisition by 162.2% in the 2nd quarter. Millennium Management LLC now owns 517,836 shares of the company’s stock valued at $5,137,000 after buying an additional 320,350 shares during the last quarter. Hedge funds and other institutional investors own 6.32% of the company’s stock.

Fat Projects Acquisition Company Profile

Fat Projects Acquisition Corp does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It focuses on identifying business opportunities in the field of the supply chain, transportation, logistics, finance, sustainability/ESG, food, agriculture, e-commerce, and/or big data sectors in Southeast Asia.