Coliseum Acquisition Corp. (NASDAQ:MITA – Get Rating) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totalling 7,600 shares, a decline of 29.0% from the June 30th total of 10,700 shares. Currently, 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 29,200 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Exos Asset Management LLC purchased a new position in shares of Coliseum Acquisition during the fourth quarter valued at $389,000. Cantor Fitzgerald L. P. acquired a new stake in Coliseum Acquisition during the first quarter valued at $970,000. Basso Capital Management L.P. boosted its position in Coliseum Acquisition by 33.4% during the first quarter. Basso Capital Management L.P. now owns 199,750 shares of the company's stock valued at $1,938,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Apollo Management Holdings L.P. boosted its position in Coliseum Acquisition by 50.0% during the fourth quarter. Apollo Management Holdings L.P. now owns 1,485,000 shares of the company's stock valued at $14,434,000 after purchasing an additional 495,000 shares during the last quarter. Hedge funds and other institutional investors own 58.98% of the company's stock.
Get Coliseum Acquisition alerts:Coliseum Acquisition Stock Performance
Shares of MITA stock opened at $9.76 on Friday. Coliseum Acquisition has a 1-year low of $9.50 and a 1-year high of $10.30. The stock's fifty day simple moving average is $9.73 and its 200-day simple moving average is $9.71.
Coliseum Acquisition Company Profile
(Get Rating)Coliseum 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. The company was incorporated in 2021 and is based in New York, New York.
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