Roth CH Acquisition (NASDAQ:USCT) Trading Down 12.3%

Roth CH Acquisition Co. (NASDAQ:USCT) shares dropped 12.3% during trading on Wednesday . The stock traded as low as $9.86 and last traded at $9.86. Approximately 24,468 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 57,573 shares. The stock had previously closed at $11.24.

Roth CH Acquisition Price Performance

The firm’s 50-day moving average is $11.09 and its 200 day moving average is $10.98.

Institutional Investors Weigh In On Roth CH Acquisition

A hedge fund recently raised its stake in Roth CH Acquisition stock. Cowen AND Company LLC boosted its stake in Roth CH Acquisition Co. (NASDAQ:USCT) by 442.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 352,692 shares of the company’s stock after acquiring an additional 287,692 shares during the quarter. Cowen AND Company LLC owned 4.48% of Roth CH Acquisition worth $3,862,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 25.44% of the company’s stock.

Roth CH Acquisition Company Profile

Roth CH Acquisition Co does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It focuses on businesses in the advanced manufacturing, artificial intelligence, automation, data security, energy storage and power management, financial technology, industrial software, Internet of Things, microelectronics, robotics, and wireless communications equipment sectors.