COVA Acquisition Corp. (OTCMKTS:COVAU – Get Free Report)’s stock price dropped 1.4% on Wednesday . The stock traded as low as $10.50 and last traded at $10.50. Approximately 4,200 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 15,482 shares. The stock had previously closed at $10.65.
COVA Acquisition Trading Down 1.4 %
The stock has a 50-day moving average price of $10.50 and a 200 day moving average price of $10.50.
Institutional Investors Weigh In On COVA Acquisition
A hedge fund recently bought a new stake in COVA Acquisition stock. Glazer Capital LLC bought a new position in shares of COVA Acquisition Corp. (OTCMKTS:COVAU – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,717 shares of the company’s stock, valued at approximately $66,000.
About COVA Acquisition
COVA Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus on businesses in the technology industry in Southeast Asia or the United States.
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