EF Hutton Acquisition Co. I (NASDAQ:EFHT) Stock Price Down 3.3%

EF Hutton Acquisition Co. I (NASDAQ:EFHT) shares traded down 3.3% during mid-day trading on Wednesday . The company traded as low as $1.13 and last traded at $1.19. 37,394 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 62,887 shares. The stock had previously closed at $1.23.

EF Hutton Acquisition Co. I Stock Down 3.3 %

The business’s fifty day moving average is $1.07 and its 200-day moving average is $4.14.

Hedge Funds Weigh In On EF Hutton Acquisition Co. I

A hedge fund recently raised its stake in EF Hutton Acquisition Co. I stock. Shaolin Capital Management LLC raised its position in shares of EF Hutton Acquisition Co. I (NASDAQ:EFHT) by 165.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 325,000 shares of the company’s stock after purchasing an additional 819,274 shares during the quarter. Shaolin Capital Management LLC owned 4.91% of EF Hutton Acquisition Co. I worth $3,448,000 as of its most recent SEC filing. 20.91% of the stock is currently owned by institutional investors and hedge funds.

About EF Hutton Acquisition Co. I

EF Hutton Acquisition Corporation I does not have significant operations. It intends to effect a merger, stock capital exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the consumer and retail industry. The company was incorporated in 2021 and is based in Hingham, Massachusetts.