East Resources Acquisition (NASDAQ:ERESW – Get Rating) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 14,400 shares, an increase of 45.5% from the January 15th total of 9,900 shares. Based on an average daily trading volume, of 49,500 shares, the days-to-cover ratio is presently 0.3 days.
East Resources Acquisition Stock Up 20.5 %
NASDAQ ERESW traded up $0.04 on Friday, reaching $0.25. The company had a trading volume of 19,601 shares, compared to its average volume of 40,191. East Resources Acquisition has a 1 year low of $0.02 and a 1 year high of $0.33. The firm has a 50-day moving average of $0.18 and a 200-day moving average of $0.17.
Get East Resources Acquisition alerts:Institutional Inflows and Outflows
An institutional investor recently raised its position in East Resources Acquisition stock. Shaolin Capital Management LLC lifted its holdings in shares of East Resources Acquisition (NASDAQ:ERESW – Get Rating) by 51.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 650,000 shares of the company's stock after acquiring an additional 221,599 shares during the quarter. Shaolin Capital Management LLC's holdings in East Resources Acquisition were worth $91,000 as of its most recent filing with the SEC.
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