Edoc Acquisition (NASDAQ:ADOC) Shares Down 64.5%

Shares of Edoc Acquisition Corp. (NASDAQ:ADOCGet Free Report) were down 64.5% on Wednesday . The company traded as low as $2.50 and last traded at $2.85. Approximately 589,800 shares traded hands during trading, an increase of 2,067% from the average daily volume of 27,220 shares. The stock had previously closed at $8.02.

Edoc Acquisition Stock Performance

The business’s 50-day moving average price is $8.48 and its two-hundred day moving average price is $10.46.

Institutional Trading of Edoc Acquisition

A number of hedge funds have recently made changes to their positions in the stock. Mint Tower Capital Management B.V. boosted its holdings in Edoc Acquisition by 282.4% in the fourth quarter. Mint Tower Capital Management B.V. now owns 191,212 shares of the company’s stock worth $2,210,000 after purchasing an additional 141,212 shares during the period. Glazer Capital LLC acquired a new position in Edoc Acquisition in the fourth quarter worth $1,864,000. Mizuho Securities USA LLC boosted its holdings in Edoc Acquisition by 15.8% in the fourth quarter. Mizuho Securities USA LLC now owns 118,144 shares of the company’s stock worth $1,365,000 after purchasing an additional 16,144 shares during the period. Meteora Capital LLC boosted its holdings in Edoc Acquisition by 16.6% in the third quarter. Meteora Capital LLC now owns 97,105 shares of the company’s stock worth $1,099,000 after purchasing an additional 13,793 shares during the period. Finally, Clear Street LLC boosted its holdings in Edoc Acquisition by 2.0% in the fourth quarter. Clear Street LLC now owns 60,967 shares of the company’s stock worth $705,000 after purchasing an additional 1,204 shares during the period. Institutional investors and hedge funds own 12.95% of the company’s stock.

Edoc Acquisition Company Profile

(Get Free Report)

Edoc 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 primarily in the healthcare and healthcare provider space in North America and the Asia-Pacific.

Further Reading

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