UY Scuti Acquisition’s (UYSC) Sell (E) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (e) rating on shares of UY Scuti Acquisition (NASDAQ:UYSC) in a research report sent to investors on Friday morning,Weiss Ratings reports.

UY Scuti Acquisition Price Performance

Shares of UYSC opened at $10.18 on Friday. UY Scuti Acquisition has a fifty-two week low of $9.89 and a fifty-two week high of $10.45. The business’s 50-day simple moving average is $10.14.

Institutional Investors Weigh In On UY Scuti Acquisition

Several hedge funds have recently made changes to their positions in UYSC. Hudson Bay Capital Management LP acquired a new stake in UY Scuti Acquisition in the second quarter valued at about $4,522,000. Wolverine Asset Management LLC acquired a new stake in UY Scuti Acquisition in the second quarter valued at about $4,271,000. Berkley W R Corp acquired a new stake in UY Scuti Acquisition in the second quarter valued at about $3,584,000. Karpus Management Inc. acquired a new stake in UY Scuti Acquisition in the second quarter valued at about $2,980,000. Finally, Shaolin Capital Management LLC acquired a new stake in UY Scuti Acquisition in the second quarter valued at about $2,810,000.

UY Scuti Acquisition Company Profile

UY Scuti Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on January 18, 2024 and is headquartered in New York, NY.