Oyster Enterprises II Acquisition Corp (NASDAQ:OYSEU – Get Free Report) was down 1% on Wednesday . The company traded as low as $10.28 and last traded at $10.28. Approximately 1,000 shares changed hands during mid-day trading, an increase of 82% from the average daily volume of 550 shares. The stock had previously closed at $10.38.
Oyster Enterprises II Acquisition Stock Down 1.0%
The firm has a fifty day moving average price of $10.40 and a 200-day moving average price of $10.31.
Hedge Funds Weigh In On Oyster Enterprises II Acquisition
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Clear Street Group Inc. grew its position in Oyster Enterprises II Acquisition by 28.0% during the fourth quarter. Clear Street Group Inc. now owns 50,708 shares of the company’s stock valued at $530,000 after buying an additional 11,098 shares during the period. Citadel Advisors LLC bought a new position in shares of Oyster Enterprises II Acquisition during the 3rd quarter valued at approximately $135,000. Hudson Bay Capital Management LP bought a new position in shares of Oyster Enterprises II Acquisition during the 2nd quarter valued at approximately $7,050,000. Radcliffe Capital Management L.P. purchased a new stake in shares of Oyster Enterprises II Acquisition during the 2nd quarter worth approximately $5,577,000. Finally, Moore Capital Management LP bought a new stake in shares of Oyster Enterprises II Acquisition in the 2nd quarter worth approximately $5,060,000.
Oyster Enterprises II Acquisition Company Profile
Oyster Enterprises II Acquisition (NASDAQ: OYSEU) is a special purpose acquisition company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase or similar business combination with one or more operating businesses. As a blank‐check vehicle, the company was organized under the laws of the Cayman Islands with the sole purpose of identifying and completing a transaction with a target that will enhance shareholder value.
Upon its initial public offering, Oyster Enterprises II Acquisition issued units consisting of one ordinary share and one‐half warrant.
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